Wednesday, February 25, 2015

World Bank undertakes registration of assets in Albania, (Ionian Coast)

World Bank increases funding for Albania. In the next 5 years 1.1 billion dollars
After energy, the World Bank is expected to boost the Registrar of land across the country. The statement was made during the presentation to the Parliamentary Commission of Economy 5-year program of cooperation with Albania.

"We have to focus on land registration, especially the title of the Ionian coast. After about a year will have about the project. With the modernization of property registration office, was only made 20% of the work. This is an area where the World Bank Group will engage more, "says Tahseen Sayed, head of the World Bank in Tirana.

In the plans of the bank, is expected to have a greater involvement in many sectors with 15 major projects until 2019-m.

"We are seeing a new program with the financial commitments of over 200 million dollars a year. So in total it is about 1.1 billion dollars for the next five years. We are financing will average 3 new projects per year, which include budgetary support for makroenomik and financial sector and the business climate projects, "she said.

The World Bank is the largest sponsor in Albania. By the end of last year, it has disbursed over 1.4 billion dollars.

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