Governor Sejko attends the Promotion ceremony of the book: “Economic crisis in times of coronavirus”

On 7 July 2020, the Governor of the Bank of Albania, Mr Gent Sejko, attended the promotion ceremony of “Economic crisis in times of coronavirus”, a book co-authored by the Academics:  Prof.  Dr.  Anastas Angjeli, and Prof. Dr. Adrian Civici.

In his address at the ceremony, Governor Sejko commended both professors, Angjeli and Civici, for their valuable book. The co--authors, through a simple and clear language, share with the public, the opinions, assessments, questions and suggestions on the multi-dimensional crisis arisen by the new coronavirus, as an early reflection, at global level, on the response to  it.

In this book, the professors confront both international and national realities, pointing out that neither Albania was spared by Covid-19 pandemic. Albania firms and households, in addition to experiencing a unique social experiment, suffered sharp economic and financial shocks, by both the pandemic and the necessary physical distancing measures undertaken to contain it.   For these reasons, the shock required a rapid, effective and compressive response by all public authorities, in a situation with many uncertainties and deep economic, political and social changes.

In this regard, Governor emphasised, that this book explains the immediate measures which were undertaken in view of health, economic and social care.   As one of the most important institutions of the country, also the Bank of Albania implemented a package of comprehensive measures to address the situation and mitigate the shock in economic aspect.  These measures provided for the implementation and further completed the fiscal package undertaken by the Government.

The Governor thanked both distinguished academics for their outstanding work, with a particular importance to the financial education of public. He appraised this book as “indispensable to read” to understand the consequences of Covid-19 pandemic, which may define the course of developments worldwide and certainly in Albania in the upcoming years.

Members of Parliament, representatives from the academia, directors of the banking system, economists, representatives from the Bank of Albania, the Ministry of Finance and Economy etc., attended this promotion ceremony as well.