An International Monetary Fund (IMF) delegation, led by Anke Weber and including David Bartolini, Fazurin Jamaludin, Jakree Koosakul, and Hasan Toprak, conducted discussions with Albania as part of the 2024 Article IV Consultation from November 13 to 21.
In a press release issued at the conclusion of the visit, the IMF commended Albania’s economic trajectory, projecting it to be one of Europe’s fastest-growing economies in 2024.
However, the mission also highlighted ongoing structural challenges. Albania’s GDP per capita remains only a quarter of U.S. and EU levels, hampered by factors such as population aging and emigration.
The statement noted that, while progress has been made in rule of law reforms, governance deficiencies and institutional weaknesses continue to hinder the business environment.
