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The IMF asks the government to protect the poor from rising prices

2022-09-22 08:23:59Biznes SHKRUAR NGA REDAKSIA VOX
The IMF asks the government to protect the poor from rising prices
The deputy director of the International Monetary Fund Mr. Bo Li

At the end of his first visit to Albania, the Deputy Director of the International Monetary Fund Mr. Bo Li said that during his official meetings he asked the leaders of economic institutions to protect the poor from the crisis of price increases through temporary fiscal support.

"In my discussions with the authorities, I emphasized the challenges faced by Albania resulting from the increase in food and energy prices, the tightening of financial conditions and the weakening of the external environment. There is a need to protect the vulnerable from rising living costs through temporary and well-targeted fiscal support.

He also stated that an important point of his meetings with Governor Sejko and Minister Ibrahimaj was the promotion of Albania's growth potential and the convergence of income with the EU.

"We also discussed policies to promote Albania's growth potential and revenue convergence with the EU, and I asked the authorities to continue with the finalization and implementation of a sound Medium-Term Revenue Strategy, he said.

The deputy director of the IMF, LI, appreciated the considerable stability of Albania in the face of numerous challenges in recent years, which according to him comes from the quick reaction of the authorities.

"Albania has shown considerable resilience in the face of numerous challenges in recent years, maintaining macroeconomic and financial stability.

The authorities have responded quickly to strikes with policy barriers built in the past." Li/ monitor expressed


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