Review of Monetary Policy in the first semester of 2007

The first semester of 2007 marked a positive performance of the Albanian economy in terms of being in line with the projected economic growth rate, of further consolidating the macroeconomic stability and carrying on with the structural reforms in economy. The economic development has been along the lines of the projected framework in the country's economic development programme, observing the main objectives of the three-year programme and achieving a further milestone towards the economic and financial integration with the regional and international markets. Alongside, some specific developments over this period have raised the need for continuous attention to potential risks and for designing and implementing preventive policies in due time, in order to guarantee the country's economic balances and its long-term development.