Off the wire
• 2nd LD-Writethru: China Focus: Corrupt Ling Jihua gets life sentence  • Remains of Indian victim killed in Dhaka hostage crisis arrive home  • Across China: Chinese peasant woman paints peach blossoms and dreams  • UN chief to visit China this week  • Albania detains 18 Afghans for illegal entry  • Roundup: Singapore stocks end up 0.85 pct  • Accidental blast kills 24 Afghan militants including 11 suicide bombers: Police  • 19 arrested in Spain in int'l operation against child pornography  • Major news items in leading German newspapers  • Republic of Congo President Sassou Nguesso in China for state visit  
You are here: 　 Home

Albanian economy is in right direction: IMF

Xinhua, July 4, 2016 Adjust font size:

The Albanian economy will grow 3.4 percent this year, said Anita Tuladhar, representative of the International Monetary Fund (IMF) in Albania.

The IMF team is expecting economic recovery to strengthen, predicting a 3.4 percent economic growth for 2016, based on a large influx of direct foreign investment in the energy sector and a gradual growth of domestic demand, while monetary policies continue to be facilitating," Tuladhar was quoted on Monday by Albanian Daily News as saying.

Inflation continues to be low, but will increase to 1.8 percent by the end of the year, driven by the gradual recovery of the oil and food prices, she said.

Albania's overall economic program is advancing in the right direction, marking good progress in structural reforms in domains such as legislation on bankruptcy, the representative said.

However, the central government's outstanding debts mainly in public investment projects represent a main challenge, she warned. Endi