TIRANA, September 30 /ATA/ Minister of Finance and Economy Delina Ibrahimaj participated in the regional summit of Finance Ministers and Governors of Central Banks, which took place in Budva, Montenegro.
This summit brought together the main fiscal and monetary policy-makers from all the countries of the region, representatives of the most well-known international financial institutions, focused on the current economic and financial situation facing the region, the policies and the measures taken by governments to face the crisis caused by the increase in electricity prices and prices in general, the challenges for the next year and the following year, as well as the priorities that the countries will have for the drafting of the 2023 budgets.
In her speech, Ibrahimaj made a presentation of the progress of the country’s economy during 2022 and the policies and measures taken by the government to support the population and business to cope with the crisis of rising prices with the purpose of guaranteeing the continuation of economic activity.
The minister emphasized the fact that, despite the impact of the crisis, the country’s economy has performed well so far, inflation in the country has been lower than in other countries of the region and the EU, while the level of revenues in the state budget has been above forecasts.
“The challenges we have for the future are evident, in terms of coping with the high increase in consumer prices, but also high electricity prices, when it is predicted that next year interest rates will be very high and the cost of debt will continue to rise, which will have an effect, not only in 2023, but in all the coming years”, said Ibrahimaj.
The summit entitled “Financial and monetary stability of the region in conditions of significant geopolitical risks”, was convened after a two-year break due to the pandemic.
The regional summit of finance ministers, governors of Central Banks and directors of the Tax Administration is traditionally the largest annual financial and monetary “convention” in the region, which aims to develop dialogue and improve cooperation between all financial institutions in the region./j.p /r.e/p.s./
