Off the wire
• No evidence for human-to-human H5N6 infection: experts  • West Beijing township's development to be controlled for better air quality  • Roundup: West Africa still on alert as new cases emerge after "Ebola-free"  • Interview: Guinea hails Chinese medical team for role in defeating Ebola  • World Tourism Organization satisfied by greater visa openness  • Transfer bans for Real Madrid, Atletico Madrid over signing underage players  • Police raid Brussels home of Paris suicide bomber: local media  • Albania's economy to grow in 2016, 2017: report  • Major news items in leading German newspapers  • Heavy rains threaten Hong Kong marathon  
You are here: 　 Home

IMF ranks Albania among lowest countries in financial development index

Xinhua, January 15, 2016 Adjust font size:

The International Monetary Fund (IMF), in a study published recently, has ranked Albania the 107th out of 183 countries in the World Financial Development Index, the Albanian Daily News newspaper reported on Friday.

The countries listed in the study were classified into different groups each marked by a color code, according to which red represented countries with the lowest level of financial system development, and blue the highest. Albania is among the red.

In Albania, the financial system remains dominated by traditional banks, where modern tools have barely been introduced. The Balkan country is also the only one in the region that does not have a stock exchange. Endi