Albania: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility, and Use of Fund Resources—Request for an Extended Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 054

Publication date: February 2006

ISBN: 9781451800852

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , IMF TA mission , LTO's audit function , staff appraisal , firm , electricity company , IMF staff representative , Tax administration core functions , Eastern Europe , Southern Europe , Baltics , Europe , Global

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Republic of Congo : 2001 Article IV

Summary

This paper discusses a Request from Albania for a Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF). This arrangement aims to prepare Albania for graduation from IMF-supported programs. If properly implemented, the policies it embodies will reduce vulnerabilities, enhance growth potential, strengthen government solvency, and protect priority spending. These policies will also contribute to improved governance—a precondition for attracting the high-quality investment needed to address the structural imbalances in the external accounts and to ensure the continuation of strong growth. Remaining vulnerabilities in the financial system are also addressed.