IMF: Albania is enjoying one of the fastest economic growths in the region

The International Monetary Fund (IMF), under the leadership of Mrs. Anita Tuladhar, visited Tirana during the period from 7 to 20 March 2018 to conduct the First Post- Program Monitoring (MPP) discussions. At the end of the visit, the mission made an inference, stating that Albania is enjoying one of the fastest economic growths in the region. The macroeconomic and political environment is sustainable. Policy makers will have to use this good time to further reform the mitigation of risks arising from high public debt and contingent liabilities and under-standard credits in the financial sector as well as to boost the medium term potential versus a difficult climate for high-level informal investment and poor implementation of the rule of law, the mission states. Further, the IMF statement estimates that Albania is enjoying one of the fastest economic growths in the region, while the economic growth rate is estimated to reach 3.9 percent in 2017 and 3.7 percent in 2018. However, according to the IMF, this growth rate may not last long. There is also a global threat to the global mission due to a sudden correction of financial markets, political uncertainties, and protectionist policies that could lower confidence and economic growth./Klara Ruci/var 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