1.

Record Nr.

UNINA9910817916403321

Titolo

Albania : : Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4755-1642-8

1-4843-3855-3

1-4843-3875-8

Edizione

[1st ed.]

Descrizione fisica

1 online resource (114 p.)

Collana

IMF Staff Country Reports

Disciplina

332.152

Soggetti

Fiscal policy - Albania

Monetary policy - Albania

Economic indicators - Albania

Banks and Banking

Exports and Imports

Macroeconomics

Public Finance

Industries: Financial Services

Statistics

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Debt

Debt Management

Sovereign Debt

International Lending and Debt Problems

General Aggregative Models: General

Taxation, Subsidies, and Revenue: General

Data Collection and Data Estimation Methodology

Computer Programs: Other

Public finance & taxation

Finance

International economics

Banking

Econometrics & economic statistics

Public debt

Arrears



Nonperforming loans

Loans

External debt

Financial institutions

Debts, Public

Debts, External

Banks and banking

National income

Albania Economic conditions

Albania

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

""Cover""; ""CONTENTS""; ""CONTEXT""; ""OUTLOOK AND RISKS""; ""REPORT ON DISCUSSIONS AND PROGRAM POLICIES""; ""A. Fiscal Policy: Laying the Groundwork for Fiscal and Debt Sustainability""; ""B. Use of Monetary Policy to Ease the Economic Slowdown""; ""C. Maintaining Financial Stability in the Face of Continued Challenges""; ""D. Embarking on a Path of Sustained Medium-term Growth""; ""PROGRAM MODALITIES AND RISKS""; ""STAFF APPRAISAL""; ""BOXES""; ""1. Implementation Recommendations of the 2012 Article IV Consultation""; ""2. Reform Agenda""

""3. Possible Tax and Expenditure Measures, 2014�16""""4 Exchange Rate Assessment""; ""5. Conclusions of the 2013 FSAP""; ""6. Program Modalities and Risks""; ""FIGURES""; ""1. Background and Outlook""; ""2. External Sector Developments""; ""3. Fiscal Developments""; ""4. Inflation and Monetary Developments""; ""5. Financial Sector Developments""; ""6. Business Environment and Labor Market""; ""7. Governance and Public Finances""; ""TABLES""; ""1. Basic Indicators and Macroeconomic Framework, 2009�19""; ""2a. General Government Operations, 2009�19""

""2b. General Government Operations, 2009�19""""3a. Balance of Payments, 2009�19 (Percent of GDP)""; ""3b. Balance of Payments, 2009�19 (Millions of euros)""; ""4a. Monetary Survey, 2009�14""; ""4b. Summary of Accounts of the Central Bank, 2009�14""; ""5. IMF Core Indicators of Financial Soundness, December 2005�June 2013""; ""6. External Financing Requirement and Sources, 2012�19""; ""7. Schedule of Review and Purchases (provisional)""; ""8. Indicators to Capacity to Repay to the Fund, 2012�19""; ""APPENDIX""; ""I. Letter of Intent""

""Attachment I. Memorandum of Economic and Financial Policies""""Attachment II. Technical Memorandum of Understanding""; ""ANNEXES""; ""I. Risk Assessment Matrix""; ""II. Debt Sustainability Analysis""; ""III. External Debt Sustainability""; ""CONTENTS""; ""FUND RELATIONS""; ""WORLD BANK GROUP RELATIONS""; ""STATISTICAL ISSUES""

Sommario/riassunto

This 2013 Article IV Consultation for Albania focuses on economic developments and policies that have led to weakening and imbalance of the economy. It highlights that high nonperforming loans (NPLs) are



constraining credit growth, and weak external drivers are preventing a sustained reduction in external imbalances. Reduction in NPLs would safeguard financial stability and help release credit supply constraints by lowering bank risk aversion. The authorities have requested a three-year arrangement with proposed access equivalent to SDR 295.42 million.