TIRANA, Oct.25/ATA/ The Governor of the Bank of Albania, Gent Sejko received today in a meeting Matteo Bugamelli, World Bank Group Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste, in the light of his first official visit to Albania.
The governor presented in detail the impact of the pandemic on economic performance, expectations for economic recovery over the coming period, as well as the latest developments in payment systems and emergency intervention.
Regarding the developments in payment systems and financial education, the BoA Governor, Sejko discussed with the mission the latest developments in the National Strategy for Small Value Payments (2018-2023), as well as the efforts to draft a “National Strategy for Financial Education”.
The Governor, Sejko also presented the work done by the Bank of Albania in relation to the drafting of legal and regulatory acts, which aim to transpose the European Union Directive “On Payment Account”, with the main aim of creating a “basic account” that will promote financial inclusion of the population.
Further, Governor Sejko praised in particular the contribution of the WB in the field of emergency intervention and specifically in the operationalization of the regulatory framework aligned with that of the European Union. Thus, during the period 2017-2021, progress has been made towards the sub-legal framework related to extraordinary intervention, through the drafting of 15 regulatory acts in accordance with Law 133/2016 “On recovery and extraordinary intervention in banks in the Republic of Albania”. //a.i/
