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Another stain for Ahmetaj, the IMF demands urgent transparency for the Reconstruction funds

2022-12-13 07:53:03Biznes SHKRUAR NGA REDAKSIA VOX
Another stain for Ahmetaj, the IMF demands urgent transparency for the
Arben Ahmetaj

The International Monetary Fund in the last statement of the Board of Directors called on the Albanian authorities to publish the public procurement contracts related to the pandemic and earthquake recovery expenses, the names of the companies that won the contracts and their beneficial owners.

The fund also noted that the government should minimize the change in the budget by normative act in order to maintain fiscal credibility. Since the event of the earthquake and then the pandemic, the International Monetary Fund has asked the Albanian government in all missions to make transparent the use of funds for these two events.

This is another stain that covers the former minister, who after "enlightening" the Albanian economy, took over all the Reconstruction funds.  

The IMF also urged the State High Control and other auditing entities to conduct inspections on the use of earthquake funds and then make the reports transparent. The constant lack of capacities for the assessment and management of fiscal risks has become a concern for the Fund.

Fiscal risk reports, including those related to the liabilities of State Enterprises, should be further enriched and made more forward-looking. The Fund recommended the creation of a mechanism to ensure systematic monitoring regarding the progress of ongoing government loans to State Enterprises.

In the future, the conditions for granting loans and guarantees to State Enterprises and municipalities should be made stricter to better manage risks, the IMF recommended.

"Despite reductions in the overall stock, arrears continue, especially related to investment projects and court cases, and also work to improve data on arrears must continue, especially in relation to traceability and automation of data," called the Fund.
The new strategy, which will be finalized in 2023, should address the incomplete reforms for the prevention of arrears, the Fund recommended./Monitor


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