IMF Assesses Albania’s Progress in Public Investment Management

Albania has made substantial strides in the planning and management of public investment, as per the assessment conducted by the International Monetary Fund (IMF) mission on the efficiency of public investment (PIMA).
During a meeting between the IMF mission, which was headed by Ian Hawkesworth, and Minister of Finance Petrit Malaj, the assessment’s findings were deliberated. The International Monetary Fund is anticipated to release the final report in the near future.
Albania outperforms the average of European economies and numerous developed countries in terms of public investment planning and management, according to the assessment. The enhancement is evident in numerous critical components of public financial management, such as fiscal discipline, fund allocation, and enhanced transparency and competitiveness in public procurement.
In recent years, Albania’s public investment has averaged approximately 6.5% of its GDP and is anticipated to remain at elevated levels as the nation advances in its European Union accession process. Additional investments are anticipated in sectors including energy, digitalization, transport, and climate resilience, as per medium-term plans.
The minister emphasized the significance of transparent and efficient use of public funds, particularly for investments in infrastructure, healthcare, and education, in order to guaranty that citizens receive the maximum value for each lek spent. Malaj maintains that the objective is to maintain reforms and fortify mechanisms that guaranty the most effective planning and management of public investment.