TIRANA, February 28 /ATA/ Governor of the Bank of Albania Gent Sejko participated in a discussion meeting on issues affecting access to finance in Albania, organized by the World Bank.
This meeting was held in the framework of cooperation of the World Bank with the Ministry of Agriculture and Rural Development, for the preparation of the concept of a support project for the financing of agriculture. This process aims to develop sustainable solutions, supporting access to finance for this sector, not only from budget funds, but also from the collection of private funds.
During his speech, Governor Sejko stated that the banking sector in the country is well capitalized and liquid, as well as his support for the private sector has been increasing. However, he added that the financial sector can play a more important role for sustainable long-term economic growth in the country.
Regarding access to finance, the Governor stated that in a broader picture, it is important to explore cross-sectoral solutions – including digitization of financial services and innovative financial instruments – which would facilitate access to financial services.
Governor Sejko said that the specific credit problems of the agricultural sector have been identified in time and some of them are still relevant. However, some of them are on the way to being addressed, while other obstacles should be part of a critical assessment and their solution should be an integral part of our future work agendas.
“In this context, without compromising its health indicators, I am convinced that the banking sector will know how to position itself as a development support agent. This sector must increase its attention and financial, analytical and advisory capacities, fulfilling its mission in the sustainable development of the country”, said the Governor./p.s./
