TIRANA, September 29 /ATA/ Governor of the Central Bank Gent Sejko stated today that Albanian economy has shown clear recovery trends in the first half of 2021. And the forecasts suggest a positive performance of the economy in the medium term.
Sejko made the statement during a meeting he held with the mission of the International Monetary Fund (IMF), headed by Yan Sun, Head of the IMF Mission to Albania.
Governor Sejko noted that easing of the restrictions as a result of the vaccination process, the improvement of business and consumer confidence, the expansion of foreign demand, as well as fiscal and monetary stimulus, have provided the necessary premises for a gradual normalization of economic activity.
The Governor stressed that the stimulating monetary policy of the Bank of Albania has continued to create a calm financial environment, characterized by the normal circulation of funds in the markets, low lending costs and a stable exchange rate.
Regarding the banking sector, the Governor stressed that it is stable, with indicators that show a financial environment ready to further support the economic development of the country. Deposits and loans increased, credit quality improved significantly and other indicators of financial sustainability remained at appropriate levels.
The IMF mission assessed that the monetary policy stance has been and remains appropriate, providing the necessary incentives to stimulate economic growth. The IMF also shared the assessment that the current pressures on rising prices of some consumer basket items appear to be of foreign and temporary origin./p.s./
