At the end of the First Monitoring made after the completion of the program with Albania, the International Monetary Fund has evaluated the progress of the Albanian economy. The country report underlines that Albanian economy has continued to grow, marking a real growth of Gross Domestic Product by 3.8% during 2017.
In the analysis made for non-banking financial markets, IMF report evaluates positively the work done by AFSA and states that “the Albanian Financial Supervisory Authority has made a substantial progress regarding with the improvement and adoption of a new regulatory framework about the supervision of capital markets and funds, improving the new draft rules on administration of Investment Funds Liquidity, transactions with related parties, etc.”.
AFSA is committed to complete all the recommendation given by the IMF report related with:
- The regulatory framework for management of Investment Funds crisis, that actually in collaboration with Ministry of Finance and Bank of Albania is toward completion;
- The creation of a necessary legal and regulatory framework for the new instruments, just licensed Stock Exchange, according to the best international standards.
To read the full report of the Executive Board of IMF, please click here.