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	<title>bank-establishment-consultation &#8211; Albanian  Telegraphic  Agency.</title>
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		<title>Establishment of Albanian Development Bank, draft available for public consultation</title>
		<link>https://en.ata.gov.al/2025/01/28/establishment-of-albanian-development-bank-draft-available-for-public-consultation/</link>
					<comments>https://en.ata.gov.al/2025/01/28/establishment-of-albanian-development-bank-draft-available-for-public-consultation/#respond</comments>
		
		<dc:creator><![CDATA[Sonila Mehmeti]]></dc:creator>
		<pubDate>Tue, 28 Jan 2025 15:10:44 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Flash News]]></category>
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		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[bank-establishment-consultation]]></category>
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					<description><![CDATA[TIRANA, Jan 28 /ATA/ The Ministry of State for Entrepreneurship and Business Climate has announced the launch of a public consultation on the draft law &#8220;On the Albanian Development Bank&#8221; (ADB). This strategic initiative seeks to spur the country’s economic and social growth by addressing the needs of underfunded sectors and supporting key national development [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Jan 28 /ATA/ The Ministry of State for Entrepreneurship and Business Climate has announced the launch of a public consultation on the draft law &#8220;On the Albanian Development Bank&#8221; (ADB). This strategic initiative seeks to spur the country’s economic and social growth by addressing the needs of underfunded sectors and supporting key national development projects.</p>
<p>The Albanian Development Bank will function as a financial institution, modeled after the best European practices, with the following objectives: Strengthening small and medium-sized enterprises (SMEs), microenterprises, and startups through financing and technical support; Promoting Albanian exports to enhance competitiveness in international markets; Channeling funds and financial instruments from international partners towards development projects; Modernizing the country&#8217;s physical and digital infrastructure, with a special focus on green investments.</p>
<p>The draft law has been crafted in collaboration with strategic partners, including Cassa Depositi e Prestiti (CDP) of Italy, which has provided expertise in the design and establishment of this institution.</p>
<p>The Albanian Development Bank (ADB) will focus on projects that promote sustainable development and improve Albania&#8217;s competitiveness, adhering to the highest standards of transparency and accountability.</p>
<p>Among other things, the institution will provide financing for public and private projects at both local and central levels, creating bridges of collaboration between public and private capital.</p>
<p>Minister of State for Entrepreneurship and Business Climate, Delina Ibrahimaj, stated that &#8220;The establishment of the Albanian Development Bank is a cornerstone in our efforts to transform the Albanian economy. This bank will provide concrete support for entrepreneurs, promote exports, and create a solid foundation for the country&#8217;s long-term development.&#8221;</p>
<p>/sm/</p>
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