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Albania: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under the Extended Arrangement, and Financing Assurances Review: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Albania

Object category:
Elektronische Ressource
Person/Institution:
Publisher:
International Monetary Fund
Place of publication:
Washington, D.C
Date:
2008
Extent, illustration, format:
Online-Ressource (81 p)
Language:
Englisch
Abstract:
The main challenges for this review were to further redress long-running problems in the energy sector and to balance fiscal policy requirements for development spending with macroeconomic stability. The financial position of the state-owned electricity company (KESH) deteriorated significantly more than anticipated. The authorities have adopted a two-pronged solution to the electricity crisis. The authorities are prioritizing the strengthening of regulation to assure financial stability in a rapidly maturing financial system. The proposed conditionality for the Fifth Review is consistent with program goals, and the program is fully financed
Object text:
Online-Ausg.
Universität Erfurt
Forschungsbibliothek Gotha
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Created:
2023-04-13
Last changed:
2023-01-26
Added to portal:
2023-04-13