IMF Staff Country Reports

Albania: 2023 Article IV Consultation-Press Release and Staff Report

Publication Date:

January 12, 2024

Electronic Access:

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Summary:

The Albanian economy has emerged as one of the stronger performers in the region. The rising role of tourism has boosted confidence in the country’s prospects, a factor partly reflected in the steady appreciation of the lek. While growth is moderating, it is expected to remain robust at around 3½ and 3¼ percent, respectively, in 2023 and 2024. Inflation is gradually declining though it remains above the central bank’s target amid tight labor markets. Medium-term prospects, however, are constrained by structural challenges, including shortfalls in the rule of law and emigration pressures.

Series:

Country Report No. 2024/007

Subject:

Currencies External debt Fiscal policy International organization Monetary policy Money Public debt Revenue administration

Frequency:

regular