ALBANIA, AGREEMENT GOVERNMENT-IMF FOR THE BUDGET 2017
The Albanian government reached an agreement with the International Monetary Fund for the 2017 budget law. Albania and IMF have a 3-year program that obliges Albanian authorities to plan its fiscal and macro-economic policies with the agreement of the IMF, in return for a financial support of over EUR 340 million to be given in 9 instalments, of which 8 have already been issued. In order to get the green light by the experts who have now been in mission to Albania for two weeks, the government had to promise “a satisfactory solution for the problem of the payment of the arrears”, that is the debts that public institutions make towards companies for the failed payment of services. According to Anita Tuladhar, Chief of the IMF mission, “the government committed to take the necessary measures to deal with the problem”.