PRESS RELEASE
Governor Sejko meets representatives of the International Monetary Fund mission

On 6 November 2018, the Governor of the Bank of Albania, Mr Gent Sejko met with the International Monetary Fund (IMF) Mission team, led by Mr Jan Kees Martijn, Mission Chief for Albania. This meeting was held in the framework of Article IV discussions.

The issues discussed during this meeting were: macroeconomic developments and the outlook for 2019; economic growth for 2018 and factors contributing to its performance; inflation; exchange rate and interventions of the Bank of Albania with a view to converging toward the inflation target; financial markets; the banking system, its consolidation and financial indicators; credit performance; the implementation of the law on resolution in banks and the role of the Bank of Albania in this framework; non-performing loans, implementation of the inter-institutional plan for their reduction, as well as expectations for them in 2019; and, modernization of payment systems.

In the coming days, the IMF mission will meet with senior officials at the Bank of Albania and the Ministry of Finance and Economy in order to discuss in greater detail, various issues related to the performance of the Albania’s economy.