Management of public assets by the Investment Corporation - Altax Report: Strong transparency and control mechanisms are needed
To promote faster economic development, Albania has focused on mobilizing public assets to overcome financial constraints. In this regard, a central role has been entrusted to the Albanian Investment Corporation, which aims to promote and implement important investment projects.
But a recent analysis by the Altax Center sheds light on the potential and challenges that accompany this institution. According to the report, the Corporation could become a powerful instrument for economic development, but currently faces significant weaknesses in governance and fiscal risk management.
One of the main concerns is the use of state properties as collateral, without sufficient guarantees or clear approvals from public institutions. Altax emphasizes that to avoid risks, it is necessary to establish strong mechanisms for transparency and control.
The report's conclusions call for: publishing contracts and decisions, limiting the use of strategic assets, strengthening the board of directors with public representation, establishing anti-conflict of interest standards, and conducting regular external audits by institutions such as the Supreme State Audit Office.
According to Altax, only through deep reform can the Investment Corporation truly make a real contribution to the country's economic development.
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