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Governor Sejko meets the International Monetary Fund mission

2025-07-11 19:48:00, Ekonomi CNA

Governor Sejko meets the International Monetary Fund mission

The Governor of the Bank of Albania, Gent Sejko, held a meeting today with the International Monetary Fund mission.

The purpose of the visit was to develop periodic dialogue with the Albanian authorities on economic, monetary and financial developments, as well as appropriate policies to promote sustainable economic development and maintain the country's financial stability.

Governor Sejko briefed them on the latest developments in the domestic economy, emphasizing that economic activity has grown at a steady pace, consumer price inflation has stabilized at low levels, while financial markets have appeared calm and financing conditions remain accommodative.

The IMF representatives expressed their support for the monetary policy pursued by the BoA and its important contribution to monetary and financial stability. They stressed the importance of continuing the free exchange rate regime, underlining that this regime provides a very useful instrument in cushioning external shocks and is the best approach in the process of convergence with EU standards.

In a statement to the media, it is reported that the mission representatives positively assessed the initiatives taken by the BoA in terms of banking supervision, improving the regulatory framework for consumer protection, increasing macroprudential care, especially for controlling the banking sector's exposure to mortgage loans, as well as in terms of promoting and developing the payment system.

During the meeting, the Mission representatives emphasized the primary importance that an independent, professional and transparent central bank has for maintaining monetary and financial stability, as a prerequisite for a rapid and sustainable development of the country, underlining that this independence is also a primary criterion for maintaining the confidence of domestic and foreign investors in the Albanian economy and financial system. /CNA





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