BANK OF ALBANIA
Official Visit of the Governor of the People’s Bank of China, Mr. Zhou Xiaochuan, to the Bank of Albania
Publication date: 13.09.2011
On 13 September 2011, the Governor of the People's Bank of China, Mr. Zhou Xiaochuan, visited the Bank of Albania for an official visit at the invitation of the Governor of the Bank of Albania, Mr. Ardian Fullani.
Discussions in this bilateral meeting focused on the economic developments, where Governor Fullani presented Governor Zhou with an overview of the performance of the Albanian economy, and the banking system in particular. The Albanian Governor outlined the measures the Bank of Albania has taken in view of the prudential supervision of the banking system, and described the monetary policy framework in Albania. Governor Fullani also presented Governor Zhou with the policies pursued by the Bank of Albania to maintain price stability.
Mr. Fullani noted that the positive business climate, macroeconomic stability, the favourable geographical location, and the liberal legislation make Albania a very attractive destination for foreign investors. From this point of view, there is room for higher interest and presence of Chinese capital in Albania.
Governor Zhou commended the Bank of Albania's work to preserve financial stability and expressed his willingness to expand bilateral cooperation.
The Governor of the People's Bank of China, Mr. Zhou Xiaochuan, expressed his appreciation for the invitation extended to him by Governor Fullani. This marks the first official visit of the Governor of the People's Bank of China, Mr. Zhou Xiaochuan, to Albania.
This visit is an indicator that the Bank of Albania has raised its international profile by engaging in an active cooperation with a prominent institution as that of the People's Bank of China, whose decision-making has significant weight in global economy.