IMF warns countries - “Abandon extensive fuel subsidies”
The war in the Middle East has intensified pressures on an already fragile global fiscal situation, with higher interest rates and rising energy prices already prompting calls for support from emerging markets and developing economies, the International Monetary Fund said.
According to the institution, countries should abandon fuel subsidies to help their citizens cope with oil shortages and the corresponding increase in energy prices and instead opt for temporary and targeted cash transfers.
The IMF cut its economic forecast due to rising energy prices caused by the war and supply disruptions, saying the global economy could tip into recession if the war widens and oil stays above $100 a barrel until 2027.
According to the IMF, the imposition of export controls, the extent of damage to energy infrastructure, and the ability of other countries to increase oil production will determine the impact of the war and its political implications.
Once current tensions ease, it was essential for countries to remain focused on medium-term challenges in an environment where public debt continues to rise, driven by permanent expanded spending on social assistance programs or reduced revenues, particularly in some of the largest economies.
The IMF's advice was simple: "Rebuild fiscal reserves as soon as conditions stabilize, and do so without delay."
Global government debt reached 93.9% of gross domestic product (GDP) in 2025, almost two percentage points higher than 92% a year earlier, and was expected to reach 100% of GDP by 2029, a year earlier than expected just a year ago.
US, net oil exporter - For the first time since World War II, as a result of the war with Iran
The United States became a net exporter of crude oil last week for the first time since World War II, as shipments rose near a record high to meet demand......
Soft loan for farmers changes, Deputy Minister Guri: Intervention for the duration of the limit fund
The government is planning changes to the Soft Loan scheme for farmers, which is one of the financial instruments in support of agribusiness. Everything was......
VISA brings “She's Next” to Albania, a global initiative supporting women entrepreneurs
At the premises of "The Plaza Tirana", Visa, a global leader in digital payments, in partnership with BKT bank, brought for the first time to Albania the......
Tirana - Elbasan connecting road with Corridor 8, Minister Karakaçi: Tenders opening soon
The Albanian Road Authority is expected to open 2 tenders for the construction of the Tirana - Elbasan connecting road, with corridor 8, a project that aims......
Returned immigrants, how many of them become employers? About 91% of returned immigrants who are self-employed work without paid employees.
Some returning emigrants try to create economic activity, but entrepreneurship still remains limited and mostly small-scale. Data from the 2024 Household......
Albanian, an educational priority through certification and standardization - Kumbaro: We need a National Agency for the language
During the panel dedicated to the Albanian language “Standardization and Certification of the Albanian Language in the Diaspora”, Minister of Education......
More phones and social networks than inhabitants! In parallel, the audience for Facebook ads also increased
At the end of 2025, there were about 3.4 million mobile connections in Albania, a figure that at first glance seems very high compared to the country's......
Changes in the Law on Citizenship - Balla: Passports can be obtained by individuals with a contribution
The Parliamentary Committee for Europe and Foreign Affairs has approved several additions and amendments to the Law "On Citizenship". The initiator of this......
