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Denaj: World Bank, $ 80 million budget support for Albania

  • 2/8/2021 3:29 PM
Denaj: World Bank, $ 80 million budget support for Albania

The development of policies on fiscal sustainability and good management of public finances in Albania is being supported by the World Bank in the amount of 80 (eighty) million dollars.

The Assembly approved the draft law "On the ratification of the loan agreement between the Republic of Albania and the International Bank for Reconstruction and Development, on the loan for the development of fiscal sustainability and growth policy in Albania."

The Minister of Finance and Economy, Anila Denaj, said that the target loan is worth 80 million USD and it is a budget support for Albania.

"The purpose of this policy development loan is to support the efforts of the Albanian governments in achieving several objectives: strengthening the transparency and sustainability of public finances, improving finance for growth and recovery, and supporting key sectoral opportunities for sustainable development ", stressed Denaj.

/Klara Ruci/