Format:
Online-Ressource (63 p)
Edition:
Online-Ausg.
ISBN:
1451800681
,
9781451800685
Series Statement:
IMF Staff Country Reports IMF Staff Country Report No. 99/69
Content:
This paper reviews macroeconomic developments in Albania during 1997–99. Backed by a tightening of monetary policy, inflation subsided quickly in the second half of 1997, and the exchange rate recovered from its earlier sharp depreciation. In 1998, the authorities continued on the path toward macroeconomic stabilization, implementing a tight budget with savings in noninterest current spending and strong revenue measures. Inflation decreased rapidly from 42 percent at end-1997 to below 9 percent at end-1998 and continued on its downward path in 1999
Additional Edition:
Erscheint auch als Druck-Ausgabe Albania: Recent Economic Developments and Statistical Appendix Washington, D.C. : International Monetary Fund, 1999 ISBN 9781451800685
Language:
English
DOI:
10.5089/9781451800685.002
