Front Matter

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© 2005 International Monetary Fund

March 2005

IMF Country Report No. 05/88

Albania: Ex Post Assessment of Longer-Term Program Engagement

This Ex Post Assessment of Longer-Term Program Engagement for Albania was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on February 4, 2005. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Albania or the Executive Board of the IMF.

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INTERNATIONAL MONETARY FUND

ALBANIA

Ex Post Assessment of Longer-Term Program Engagement

Prepared by a Staff Team from EUR, FAD, and PDR

Authorized for distribution by the European and Policy and Development Review Departments

February 4, 2005

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  • I. Introduction

  • II. Overview of Economic Developments

  • III. Achievements and Continuing Challenges Under Fund-Supported Programs

  • IV. Benefits of Fund Support, Conditionality, and Bank-Fund Collaboration

  • V. Considerations for Future Program Engagement

  • VI. Conclusions

  • Figures

  • 1. Selected Economic Indicators, 1992–2004

  • 2. Projections and Outtun of Inflation, Current Account Deficit, and Private Transfers, 1993–2004

  • 3. GDP Developments, 1990–2003

  • 4. Fiscal Balance, 1993–2004

  • 5. Government Revenue, 1993–2004

  • 6. Expenditure Developments, 1993–2004

  • 7. Expenditure on Priority Areas, 1998–2003

  • 8. Exchange Rates, 1994–2004

  • Tables

  • 1. History of Fund-Supported Arrangements

  • 2. Selected Economic Indicators, 1992–2004

  • 3. Government Revenues and Expenditures, 1992–2004

  • 4. Deviations in Tax Collections from Budgeted Levels, 1998–2004

  • 5. Comparative Structure of Tax Revenue in Selected Eastern European Countries, 2001-02

  • 6. Projections and Outturn of Private Remittances, 1993–2003

  • 7. Budgetary Sphere Employment and Wage Developments, 1992–2003

  • 8. Public Sector Salaries Relative to Private Sector

  • 9. Sources of External Financing, 1992–2003

  • 10. Structural Conditionality and Performance under Fund-Supported Programs

Albania: Ex Post Assessment of Longer-Term Program Engagement
Author: International Monetary Fund