TIRANA, August 15 In the framework of the project ‘For the development of tourism and urban integration’ that is being applied, with the support from the World Bank, in four city halls of Berat, Permet, Saranda and Gjirokastra, has started the consultation between the experts for the improvement of tourist zones, in Zvernec, Vjosa-Narta Protected...
TIRANA, August 5 According to the latest classification by the World Bank regarding the Gross Domestic Product (GDP) for the year 2018, Albania is ranked the 122nd biggest economy in the world, out of 183 economies analyzed. The GDP of Albania is estimated in the size of $15.05 billion during last year, according to the...
TIRANA, July 12 The remittances sent from immigrants are a crucial part of many economies all over the world. Based on the report from the World Bank (WB), published on April 8, 2019, the remittances sent to low and middle-income countries reached a record of €469 billion in 2018, an increase of 9.6% compared to...
TIRANA, July 11 The latest report issued by the World Bank (WB) on the implementation of the project on dam safety in Albania estimates that an additional financing of Euro 17 million will be needed for the finalization of the project. According to the WB, the request will be sent in the moment when the...
The Albanian government and the World Bank signed the agreement on the co-financing of the maintenance and road safety project, financed with EUR 65.9 ml by the World Bank and with EUR 41.2 ml by the Albanian government. The agreement was signed by the Minister of Finances Shkelqim Cani and the representative of the World Bank...
The Ministry of Finances declared on Tuesday that Deutsche Bank has been announced as the winning institution that will finance Albania’s EUR 250 ml loan. This announcement came after several proposals were reviewed and evaluated by a commission of the Ministry of Finances during April 2nd -7th. The Albanian government decided to use the World...
The World Bank Board of Directors approved a EUR 265.9 million loan for two projects which will be implemented by the Albanian government. The Guarantee based in Policies for Public Finances project worth EUR 200 million and the Project for the Maintenance and the Road Safety based on Results worth EUR 65.9 million are aimed...
Albanian Ministry of Finances and the World Bank in Albania have signed on Thursday a 32.1 million EUR loan agreement for the improvement of the health care system in the country. The agreement signed by the Minister of Finances Shkelqim Cani and World Bank Country Representative Tahseen Sayed. The 32.1 million EUR project will be...
The Albanian government will use another manner in lending to private institutions and banks in the international markets, by using the World Bank as a warrantor. The use of the World Bank as a warrantor will help Albania in taking a $250 ml loan from private entities in European financial markets. This type of procedure...
A workshop on the finalization and the results of the “Integrated Management and the Purification of Coastline” was organized by the Ministry of Urban Development, assisted by the World Bank branch of Albania. The project for the purification of the coastline is financed by the World Bank, with a total value of $35.16 million. The...