Albania - Selected Issues and Statistical Appendix (Electronic book text)

1. Albania registered considerable progress under the PRGF-EFF arrangement (Box 1). Based on generally sound economic policies, Albania has over the last three years capitalized on strong global growth and buoyant capital flows, recording robust growth along with low inflation, and joining the middle-income country group (Figure 1). Efforts to tackle governance issues also advanced and international assessments of the business environment have improved (Figure 2).