Statement by IMF Deputy Managing Director Tao Zhang at the Conclusion of his Visit to Albania

Stocks and Financial Services Press Releases Wednesday February 14, 2018 08:59
IMF--14 Feb--International Monetary Fund
Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement in Tirana today at the conclusion of his visit to Albania:

"It was a pleasure to have my first visit to Albania as Deputy Managing Director of the IMF. I've seen a country that has made significant progress in reducing poverty, maintaining stability, and developing the economy. This was thanks to the important reforms implemented by Albania.

"In my discussions with the authorities, I emphasized that this is the moment to accelerate reforms. The global economy is in an upswing. This includes Europe, where inflation and interest rates remain low. However, such favorable external conditions are not going to last forever. So now is the time to press ahead with reforms and build up stronger economic and financial defenses.

"I also discussed with authorities policies to boost Albania's growth potential. These include improvements in infrastructure, education, and business environment, especially the rule of law. Reducing public debt is an important goal that can be achieved by strengthening public expenditure management and the tax system.

"To conclude, I would like to thank Prime Minister Edi Rama, Finance and Economy Minister Arben Ahmetaj, Bank of Albania Governor Gent Sejko, and other officials for their warm hospitality and for the opportunity to know more about Albania's rich culture and historical heritage."


Latest Press Release

TRIS Rating Affirms Company Senior Unsecured Debt Ratings of ANAN at BBB, Subordinated Capital Debt Ratings at BB+, and Assigns BBB Rating to Senior Unsecured Debt Worth Up to Bt3,500 Million, with Stable Outlook

TRIS Rating affirms the company rating of Ananda Development PLC (ANAN) and the ratings of ANAN's existing senior unsecured debentures at "BBB", and also affirms the ratings of ANAN's unsecured subordinated perpetual debentures (hybrid debentures) at...

Deerfield Beach, FL Debt Rating Raised To #AA# On Updated Methodology

CENTENNIAL (S&P Global Ratings) Feb. 16, 2018--S&P Global Ratings raised its long-term rating to 'AA' from 'AA-' on Deerfield Beach, Fla.'s debt secured by its covenant to budget and appropriate non-ad valorem revenue based on the application of...

[SPSF] One Tranche Of Tokai Labour Bank Series 8 RMBS Ratings On Remaining Tranches Affirmed

TOKYO (S&P Global Ratings) Feb. 16, 2018--S&P Global SF Japan Inc. (SPSF) today said it has raised its ratings on the subordinated trust certificates 26 issued under the Tokai Labour Bank Series 8 Residential Mortgage Backed Trust Certificates...

TRIS Rating Assigns A/Stable Rating to Senior Unsecured Debt Worth Up to Bt6,000 Million of TICON

TRIS Rating affirms the company rating of TICON Industrial Connection PLC (TICON) and the ratings of TICON's outstanding senior unsecured debentures at "A". At the same time, TRIS Rating assigns a rating of "A" to TICON's proposed issue of up to Bt6,000...

TRIS Rating Assigns A/Stable Rating to Senior Unsecured Debt Worth Up to Bt6,000 Million of THAI

TRIS Rating affirms the company rating of Thai Airways International PLC (THAI) and the ratings of THAI's outstanding senior unsecured debentures at "A". At the same time, TRIS Rating assigns the rating of "A" to THAI's proposed issue of up to Bt6,000...

Related Topics