EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

The IMF allocates 53 mln euro second and third tranches of EFF to Albania February 6th, 2015

AEI Updates October 2014Posted by Adv. Lorenc Gordani, PhD Fri, February 06, 2015 14:26:18
The IMF allocates 53 mln euro second and third tranches of EFF to Albania February 6th, 2015

The International Monetary Fund will allocate to Albania the second and third tranches (53 mln EUR), based on the agreement signed on February 28, 2014. The agreement predicts that the IMF will give a 331 million euro Extended Fund Facility soft loan to Albania for a period of 36 months.

Discussions over the EFF loan held on November 17-25 in 2014 between the Albanian government and the IMF delegation, headed by Nadeem Ilahi and at the end of his visit, Mr. Ilahi declared that the economic plan of Albania is going according to the plan. The discussions closed with the signing of an agreement in institutional level between the IMF representatives and Albanian Ministry of Finances, which set the policies Albania would implement for the allocation of the Extended Fund of Facilities by the IMF.

After their continuous visits to Albania, the IMF delegation evaluated the work done by authorities for the implementation of structural reforms by saying that the latest reforms serve as a reliable basis for the revival of the economy and the maintenance of the financial and macroeconomic stability.

The IMF is expected to allocate an amount of 53 million euro as the second and the third tranches of the EFF loan in the second week of this month.

News source/photo credits: ATA

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