TIRANA, October 21/ATA/- Bank of Albania Governor Gent Sejko attended the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB) group taking place on October 18-20, 2019 in Washington.
During these meetings, Governor Sejko held several important meetings with the most prominent personalities in the international financial field.
Specifically, Governor Sejko met with Deputy Managing Director of the International Monetary Fun, Tao Zhang, Executive Director for Albania, Domenico Fanizza, as well as several other important officials.
The Governor of the Bank of Albania met with Vice President for the Europe and Central Asia region of the World Bank, Cyril Myller, Vienna-based World Bank’s Regional Director for Western Balkans, Linda Van Gelder, as well as with representatives of other international financial institutions.
In his speech, the Governor Sejko made an exposé of the Albanian economic and financial situation, emphasizing that the country’s development keeps positive trend and that economic activity has made significant progress towards long-term sustainable growth.
Governor Sejko informed the interlocutors on the latest developments in the Albanian economy, focusing on the outlook of economic growth, as well as on banking sector developments.
The ratio of non-performing loans has dropped to 11.1% at the end of 2018 compared with 25% recorded in 2014, illustrating the sustainable trend of progress made in this direction.
Bank of Albania announced that non-performing loan is dropping at satisfactory rates.//a.i/
