The International Monetary Fund (IMF) has predicted the recovery of the Albanian economy in 2021 following the fallout of the COVID-19 pandemic.
This is the conclusion reached by the IMF, after the end of the online meeting between Governor Gent Sejko and Yan Sun, Head of the IMF Mission to Albania, on September 18.
In a press release, it is learned that the IMF has positively assessed the monetary policies undertaken by the central bank, “providing the necessary incentives to stimulate economic growth and return inflation to target within 2022.”
While Governor Sejko said that “the effect of the pandemic on the economy should be progressively reduced, accompanied by a gradual recovery of economic activity in the coming period.”
The Bank of Albania and the IMF agreed that coordinated fiscal and monetary support has played an important role in “mitigating the negative consequences of the crisis”.