Public Debt in Albania increased by 56 BN leks to 884.5 Bn leks (6.32 BN euros) during 2013.
Data published by the Ministry of Finance shows that debt jumped to 64.61 per cent of Gross Domestic Product compared to 61.5 per cent in 2012.
The Executive Board of the International Monetary Fund (IMF) on Friday approved a 36-month SDR 295.42 million (about €330.9 million, or about US$457.1 million; 492.4 percent of country’s quota in the Fund) arrangement under the Extended-Fund Facility (EFF) for Albania in support of the authorities’ reform program. The approval allows for immediate disbursement of SDR 23.55 million (about €26.4 million, or about US$36.4 million). The World Bank and the EU are also likely to provide assistance to the authorities’ reform program.