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Stabilization Policies and Structural Reforms in Albania Since 1997: Achievements And Remaining Challenges
Author:
Mr. Volker Treichel
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Series:
IMF Policy Discussion Papers
Volume/Issue:
Volume 2002: Issue 002
Language:
English
Publication Date:
01 Feb 2002
DOI:
https://doi.org/10.5089/9781451974508.003
ISBN:
9781451974508
ISSN:
1564-5193
Pages:
28
Keywords:
PDP; enterprise; government; Albania; monetary policy; macroeconomic stabilization; structural reform; reform agenda; electricity company kesh; medium-size enterprise; water supply company; poverty-reduction objective; fiscal consolidation effort; tourism potential; transmission mechanism; growth performance; company kesh; privatization receipt; demand shock; Remittances; Inflation; Privatization; Global; Eastern Europe
Legal-disclaimer:
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Policy Discussion Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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This paper assesses the effectiveness of stabilization policies and structural reforms in Albania since 1997 and seeks to identify the remaining key challenges in various policy areas. It also draws lessons for other transition economies from the recent Albanian experience. While progress has been made toward macroeconomic stability and the establishment of a modern institutional framework, much remains to be done to enhance the sustainability of the recent favorable macroeconomic performance and reduce unemployment and poverty. Crucial areas of reform are the creation of functioning institutions, notably in the judicial field, and the establishment of a reliable supply of electricity, which has recently become an obstacle for rapid growth.
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Cover IMF Policy Discussion Papers
IMF Policy Discussion Papers
ISSN:
1564-5193
Publisher:
International Monetary Fund