TIRANA, Nov 19 /ATA/ – The Bank of Albania launched strategic management of the fiscal conditions to keep the inflation rate within its target of 3 percent without plunging the country into recession, the central bank governor Gent Sejko said in remarks at an event on Tuesday, adding that the measures also helped maintain the country’s macroeconomic stability.
Governor Gent Sejko, Ambassador of Switzerland to Albania Ruth Huber, as well as 25 researchers from the central banks of Austria, Azerbaijan, Bosnia and Herzegovina, Croatia, North Macedonia, Italy, Türkiye, attended the 18th South-Eastern European Economic Research Workshop in Tirana.
The event also saw the participation of university professors from Budapest, Bucharest, Barcelona, Milan, London, Tirana and international institutions, including the World Bank, Joint Vienna Institute and Swiss Tourism Management Institute.
Central bank governor Sejko noted that the meeting takes place at a time when the global economy faces increased uncertainties that come from an unstable environment of inflation and interest rates, but also political and institutional uncertainties that create ground for changes important policies and governance in the coming years.
Sejko underlined that the Albanian economy has undergone important structural changes, related to the rapid growth of tourism and construction, demographic changes related to the aging of the population, its migration, as well as the EU integration process.
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