LEADER 07080oam 22014654 450 001 9910791043103321 005 20230803221256.0 010 $a1-4755-1642-8 010 $a1-4843-3855-3 010 $a1-4843-3875-8 035 $a(CKB)2550000001276677 035 $a(EBL)1676606 035 $a(SSID)ssj0001305148 035 $a(PQKBManifestationID)11861170 035 $a(PQKBTitleCode)TC0001305148 035 $a(PQKBWorkID)11248765 035 $a(PQKB)11029242 035 $a(MiAaPQ)EBC1676606 035 $a(Au-PeEL)EBL1676606 035 $a(CaPaEBR)ebr10861148 035 $a(CaONFJC)MIL598678 035 $a(OCoLC)880458648 035 $a(IMF)1ALBEE2014001 035 $a(IMF)1ALBEA2014001 035 $a(EXLCZ)992550000001276677 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAlbania : $eStaff Report for the 2013 Article IV Consultation and Request for Extended Arrangement 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (114 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-3833-2 311 $a1-306-67427-1 327 $a""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"" 327 $a""3. Possible Tax and Expenditure Measures, 2014a???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, 2009a???19""; ""2a. General Government Operations, 2009a???19"" 327 $a""2b. General Government Operations, 2009a???19""""3a. Balance of Payments, 2009a???19 (Percent of GDP)""; ""3b. Balance of Payments, 2009a???19 (Millions of euros)""; ""4a. Monetary Survey, 2009a???14""; ""4b. Summary of Accounts of the Central Bank, 2009a???14""; ""5. IMF Core Indicators of Financial Soundness, December 2005a???June 2013""; ""6. External Financing Requirement and Sources, 2012a???19""; ""7. Schedule of Review and Purchases (provisional)""; ""8. Indicators to Capacity to Repay to the Fund, 2012a???19""; ""APPENDIX""; ""I. Letter of Intent"" 327 $a""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"" 330 3 $aThis 2013 Article IV Consultation for Albania focuses on economic developments and policies that have led to weakening and imbalance of the economy. It highlights that high nonperforming loans (NPLs) are constraining credit growth, and weak external drivers are preventing a sustained reduction in external imbalances. Reduction in NPLs would safeguard financial stability and help release credit supply constraints by lowering bank risk aversion. The authorities have requested a three-year arrangement with proposed access equivalent to SDR 295.42 million. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/078 606 $aFiscal policy$zAlbania 606 $aMonetary policy$zAlbania 606 $aEconomic indicators$zAlbania 606 $aBanks and Banking$2imf 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aIndustries: Financial Services$2imf 606 $aStatistics$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aGeneral Aggregative Models: General$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aData Collection and Data Estimation Methodology$2imf 606 $aComputer Programs: Other$2imf 606 $aPublic finance & taxation$2imf 606 $aFinance$2imf 606 $aInternational economics$2imf 606 $aBanking$2imf 606 $aEconometrics & economic statistics$2imf 606 $aPublic debt$2imf 606 $aArrears$2imf 606 $aNonperforming loans$2imf 606 $aLoans$2imf 606 $aExternal debt$2imf 606 $aFinancial institutions$2imf 606 $aDebts, Public$2imf 606 $aDebts, External$2imf 606 $aBanks and banking$2imf 606 $aNational income$2imf 607 $aAlbania$xEconomic conditions 607 $aAlbania$2imf 615 0$aFiscal policy 615 0$aMonetary policy 615 0$aEconomic indicators 615 7$aBanks and Banking 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aStatistics 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aInternational Lending and Debt Problems 615 7$aGeneral Aggregative Models: General 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aData Collection and Data Estimation Methodology 615 7$aComputer Programs: Other 615 7$aPublic finance & taxation 615 7$aFinance 615 7$aInternational economics 615 7$aBanking 615 7$aEconometrics & economic statistics 615 7$aPublic debt 615 7$aArrears 615 7$aNonperforming loans 615 7$aLoans 615 7$aExternal debt 615 7$aFinancial institutions 615 7$aDebts, Public 615 7$aDebts, External 615 7$aBanks and banking 615 7$aNational income 676 $a332.152 712 02$aInternational Monetary Fund.$bEuropean Department, 801 0$bDcWaIMF 906 $aBOOK 912 $a9910791043103321 996 $aAlbania$958018 997 $aUNINA