TIRANA, November 18/ATA/ The Ministry of Finance and Economy pointed to several statements which misinform the public on the performance of key indicators of the economy. It explained that, “according to official data of the Bank of Albania, credit to the economy has increased in absolute terms in the period September 2013 – March 2020, with 47.5 billion Lek or 9% ”.
Also, since 2015, the Albanian Government, together with the Bank of Albania, has taken measures to ensure that lending is based on the financial statements referred to the Tax Administration, promoting the formalization of the economy. Further on, the Bank of Albania and the Government of Albania undertook the reform to reduce bad loans in the economy.
The Ministry also reported that, as a result of these reforms, the level of non-performing loans to total loans at the end of August 2020 dropped to 8.1% from 24.2% in September 2013.
According to the Ministry of Finance and Economy, financial and social support packages during the pandemic have disbursed 12.9 billion Lek for 299 thousand citizens.
“Regarding the above, the Albanian Government and the Ministry of Finance and Economy, remain committed to supporting citizens and entrepreneurship, focusing in particular on supporting the factors that promote growth and productivity and direct support for the most vulnerable categories “- it is said in the announcement of the ministry./p.s./
