Governor Sejko, meeting with the IMF mission – In focus, the challenges facing the domestic economy
The Governor of the Bank of Albania, Gent Sejko, held a meeting with the International Monetary Fund (IMF) mission, led by Anke Weber, Chief of Mission for Albania. The discussions focused on the latest economic and financial developments in the country, as well as their future prospects; the monetary policy pursued by the Bank of Albania and the measures taken to preserve and strengthen the health of the banking sector and the financial stability of the country.
During the meeting, Governor Sejko emphasized the challenges facing the domestic economy, such as challenges from the external environment, increasing trade barriers, uncertainties over the direction of economic and trade policies, as well as the intensification of geopolitical conflicts that create an environment of high uncertainty, requiring the necessary attention and flexibility to react effectively.
For their part, the representatives of the International Monetary Fund expressed their support for the monetary policy pursued by the Bank of Albania and its important contribution to monetary and financial stability. The Mission representatives also emphasized 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 European Union standards.
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