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Article: ALBANIA: ALBANIA'S ECONOMY PROVES SLOW TO JUMP-START.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- February 5, 2002
CopyrightCOPYRIGHT 2002 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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International financial institutions have played a key role in Albania during its difficult transition decade. The World Bank has granted Albania loans totaling $400 million in support of 22 priority projects. These loans constitute 18 percent of all the international assistance that Albania has received since the fall of the communist regime in 1991. In addition, the World Bank mission in Tirana disbursed $125 million to help Albania shelter hundreds of thousands of refugees from Kosova during Milosevic's crackdown in 1999. The World Bank's mission chief in Tirana, Eugen Scanteie, praises the attitude of the Albanian government to date. "We are generally satisfied with ...