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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