The IMF approves the third installment loan for Albania

Tirane, Albania / February 17, 2016

The IMF board of director approved on Wednesday the next installment of the EUR 53 million loan for Albania, a decision approved since in November 2015. The representatives of the IMF to Tirana declared that the negotiations between the government and the IMF are going as planned and that the main indicators of the economy are performing well as the structural reforms are showing their first results.

In turn, the Ministry of Finances has announced that the next meeting between the IMF and the government will be focused on discussing the reform against the informality. The IMF has announced that a group of experts will hold a visit to Tirana soon to discuss with the government about the performance of the structural reforms that are currently being applied.

Albania’s economic performance has increased slightly in the past years. Standard & Poor’s improved Albania’s ranking from B to B+, arguing that the public debt is decreasing and this reflects the confidence that the fiscal performance of the country will be stable and will improve in the four coming years.

News source/photo credits: ATA