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World Bank $ 80 million budget support for Albania

TIRANA, February 8/ATA/- The development of policies on fiscal sustainability and good management of public finances in Albania is being supported by the World Bank through a fund of 80 million dollars.

The Albanian Parliament approved the draft law “On the ratification of the loan agreement between the Republic of Albania and the International Bank for Reconstruction and Development (IBRD), on the development of fiscal sustainability and growth policy in Albania.”

The Albania’s Minister of Finance and Economy, Anila Denaj stated on Monday that, the targeted loan in the amount of 80 million dollars is a budget support for Albania.

“The purpose of this policy development loan is to support the efforts of the Albanian and Albanian governments in achieving some objectives related to strengthening the transparency and sustainability of public finances, improving finances for growth and recovery, and support for key sectoral opportunities for sustainable development,” Minister Denaj said. //a.i/

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