TOP Analysis, Prognoses and News about Greek - Albanian Relations and the Region.
Saturday, December 14, 2013
Albania: Government, 400 million USD in loans
The Albanian government is negotiating with the International Monetary Fund for a loan that might mount up to 400 million USD.
Top Channel has learned that the parties are in the final phase of the negotiations and are deciding the details.
The agreement will be made public this Monday in a joint conference for the media.
from the Ministry of Finances say for Top Channel that the loan might
be given through two installments in the next two years, and will be
used for the debt that the state has to businesses.
government and the International Monetary Fund have agreed for the
conditions related to the budget indicators, such as the deficit, the
income and spending, and they are discussing the final details related
to the state treasury amends.
The concern of the international community is to not allow accumulation of other debts.
this, they are discussing a series of legal amends. The loan of the
International Monetary Fund is attached to that of the World Bank. All
loans might reach 600 million USD or 5% of the Gross Domestic Product,
which will be used for paying the debts to businesses and for financing
the projects that have started.