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Albania [electronic resource] : Recent Economic Developments.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 1997.
Format/Description:
Government document
Book
1 online resource (80 p.)
Series:
IMF eLibrary
IMF Staff Country Reports; IMF Staff Country Report No. 97/21.
IMF Staff Country Reports; IMF Staff Country Report No. 97/21
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Bank balance sheet. (search)
Bank cash. (search)
Bank credit. (search)
Bank credit ceilings. (search)
Bank creditors. (search)
Bank debt. (search)
Bank deposit. (search)
Bank deposits. (search)
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Bank of greece. (search)
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Banking. (search)
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Banking sector. (search)
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Collections. (search)
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Creditor. (search)
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Hard budget constraint. (search)
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Albania. (search)
Summary:
This paper describes economic developments in Albania during the 1990s. Macroeconomic performance deteriorated in 1996, as the fiscal stance was weakened ahead of the parliamentary elections in May. Although two large public sector wage increases contributed, it was mainly revenue shortfalls that drove the domestically financed budget deficit to more than 101⁄2 percent of GDP—the highest level since 1992. Reflecting higher demand in the economy, the trade deficit increased from 191⁄2 percent of GDP to 25 percent of GDP, and inflation nearly tripled to 171⁄2 percent.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451800606:
9781451800609
ISSN:
1934-7685
Publisher Number:
10.5089/9781451800609.002
Access Restriction:
Restricted for use by site license.