IMF's report encourages the government to continue reforms
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Finance Minister Arben Ahmetaj commented on the report the IMF which said that the Albanian economy is growing steadily. In the report, the IMF estimated that the Albanian economic recovery is accelerating.

"This is good news and direct encouragement for reforms! At the end of the seventh review of Albania's economic performance under the three-year program with the government, the IMF Executive Board considers that:

1. Albania's economic recovery is accelerating while the medium-term forecast is favorable.

2. The Albanian government has taken authorship of the program and showing determination to implement difficult reforms and ambitious structural and fiscal policies.

3. The authorities' commitment to continue with the fiscal consolidation is essential to ensure the sustainability of the debt and reduce fiscal risks.

4. The plan to focus efforts on fiscal adjustment in terms of income, is appropriate.

5. The determination of the government to implement structural fiscal reforms to reduce fiscal risks is encouraging.

6. Authorities have made impressive progress in the settlement of arrears at the central government level"- says the IMF.

It is a fact that the Albanian economy has already consolidated its trend of sustainable growth and development. We are aware that we still have work to do. We share the same position with the IMF that is essential to maintain the pace of reforms in the economy", Ahmetaj wrote on Facebook. /albeu.com/
Published on: May 28, 2016 - 8:37 pm
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