Reform of the energy sector a leading example of successful macro critical reform by Dr Lorenc Gordani, 10 march 2017
Reform of the energy sector a leading example of successful macro critical reform by Dr Lorenc Gordani, 10 march 2017 The Executive Board of International Monetary Fund approved a 36-month extended arrangement under the EFF for Albania on February 28, 2014. The arrangement aimed to restore economic growth and control the rapidly rising public debt that had threatened economic stability, by strengthening public finances, maintaining financial stability, and implementing structural reforms focused on improving the energy sector and the business climate. In its recent report International Monetary Fund evaluate that the economic recovery is strengthening, supported by energy-related investments and a gradual recovery in domestic demand. The current account deficit is widening due to increased import-intensive foreign direct investments (FDI). GDP grew by over 3 percent in the first 9…