Albania overview

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View list of EBRD projects in Albania

In Albania we focus on:

Promoting Sustainable Energy Policies and Environmentally Sound Investments. The EBRD will work closely with the Albanian authorities and the independent regulators to enhance the regulatory and administrative framework for private sector investments, particularly in the renewable energy sector. The EBRD, through its dedicated facilities, will finance energy efficiency and renewable energy projects and, in cooperation with other IFIs and commercial banks, will support the upgrading and financial viability of energy generation and distribution. Interconnection lines and gas pipeline will also be of key importance for improving competitiveness and regional integration.

Enhancing commercialisation, competition and private sector involvement in infrastructure, alongside targeted public projects. We will assist the Albanian authorities, both at the national and local level, to increase private sector involvement in transport and municipal services, including in road maintenance. Financial assistance will be complemented by technical advice, capitalizing on the EBRD's experience to successfully structure and implement PPP and concession financing. We will also work closely with the Government on advancing transition in the seaport and railways sectors.

Supporting the development of a more competitive private sector. The EBRD will continue to be a strong partner for foreign investors and for local corporates, both directly and through the Local Enterprise Facility (LEF). We will pursue an active investment policy in sectors such as agribusiness, manufacturing and services, ITC and tourism, all of which have the potential to modernise and increase value creation in the Albanian economy, which is still too reliant on imports and labour-intensive textile subcontracting.

Strengthening the financial sector and deepening intermediation. The EBRD will support the banking system in a difficult market environment with credit lines and other facilities such as the Medium Size Co-Financing Facility (MCFF). The EBRD, through a close consultation with the Bank of Albania, will respond in a timely way to emerging needs of the local financial sector.

The EBRD’s latest Albania strategy was adopted on 13 January 2016

EBRD forecast for Albania’s Real GDP Growth in 2015 2.3%

EBRD forecast for Albania's Real GDP Growth in 2016 3.3%

The Albanian economy has performed steadily in 2015, successfully withstanding the impact of severe flooding in the south of the country in February. However, fiscal challenges remain significant and the government is struggling to reach targets agreed under the IMF programme. The government has stepped up its efforts to reduce informality in the economy, and these efforts should yield benefits over the medium term. In the meantime, growth in 2015 is likely to be around 2.3 per cent, slightly lower than our May forecast, but rising to 3.3 per cent in 2016 on the back of an improved external environment (in the Eurozone) and the start of the major construction work on the Trans-Adriatic gas Pipeline (TAP).
Albania in the latest BEEPS survey


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