TIRANA, January 28 /ATA/ Governor of the Bank of Albania Gent Sejko received today a World Bank (WB) team, in context of the Financial Development and Sustainability Program, led by Rekha Reddy, in her new role as project manager.
Sejko briefly presented the country’s economic and financial developments and thanked the World Bank for its contribution through various assistance programs.
The World Bank representatives expressed their appreciation for the cooperation with the Bank of Albania and expressed their willingness to expand it.
Governor Sejko assessed that the regulatory and supervisory framework of the Bank of Albania, also thanks to the cooperation with the World Bank, has been continuously improving.
He added that the Bank of Albania is interested in more cooperation on the analysis of the advantages and risks associated with the digitalization processes of the financial system, and more generally, the legal and regulatory changes that will be made within the framework of the European integration process, in the field of financial services.
The World Bank representatives expressed their readiness to cooperation in all these areas. They also offered the possibility of assistance in terms of data generation and processing, providing opportunities for more focused analysis in certain areas, such as access to financing for small and medium-sized enterprises.
At the end of the meeting, the parties once again expressed their mutual appreciation for the bilateral cooperation and their willingness to expand it. /a.f/p.s./
