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EBRD affirms commitment to back Albania's development projects

Xinhua, March 31, 2017 Adjust font size:

The European Bank for Reconstruction and Development (EBRD) will keep supporting major projects in Albania's financial stability, agribusiness and energy, EBRD officials told Friday Governor of the Bank of Albania (BoA).

Representatives of the EBRD Board of Directors were received by BoA governor Gent Sejko as part of their three-day visit to Tirana, where they met government representatives, entrepreneurs and civil society organizations, local media reported.

The representatives praised BoA policies and its role in maintaining the country's macroeconomic stability and stimulating growth, the bank said in a press release.

On his part, Sejko briefed the representatives on the recent economic and financial developments in the country, noting that Albania's economic growth has been following a positive trajectory.

He also told them that the main macroeconomic balances were expected to strengthen in the future.

The development of capital market to further expand financial system, its compliance with international guidelines in terms of money laundering, as well as the focus on the broader financial education of the public and other stakeholders were some of the issues addressed during the meeting, said the release. Endit