web counter
LEXO PA REKLAMA!

SHKARKO APP

App Store
Google Play

EBRD: Albania's 12 obstacles to sustainable economic growth by 2030

2025-01-15 07:35:00, Ekonomi CNA
EBRD: Albania's 12 obstacles to sustainable economic growth by 2030
Illustrative photo

In the new draft cooperation strategy with Albania 2025-2030, the European Bank for Reconstruction and Development (EBRD) lists several areas and aspects of the Albanian economy that need to be improved to ensure the country's sustainable economic growth.

The EBRD notes that Albania needs to improve the resilience of its energy production to climate change. Hydropower plants are the main source of energy production, making the sector vulnerable to rainfall.

Albania also needs to make more investments in the energy transmission network to enable the transmission of the energy expected to be produced from new sources.

Albania is highly vulnerable to extreme heat and droughts, landslides and earthquakes, which require additional funding and policies.

Labor productivity needs to increase further, as currently GDP per employee in Albania is half of EU levels.

The EBRD estimates that Albania has lagged behind countries in the Region in terms of innovation results.

According to the Bank, the shift to tourism contributes to higher diversification of the economy, but this shift is also characterized by low sophistication.

Another area that creates obstacles to development is considered to be financial intermediation, which remains low, hindering access to finance.

The EBRD estimates that youth unemployment is still much higher than unemployment in the rest of the working-age population.

Also, the gender gap in labor force participation remains unchanged, while the management and administration of state-owned enterprises needs improvements, including better transparency and accountability.

Infrastructure deficiencies coupled with a lack of financial capacity are barriers to narrowing the productivity gap in the EU, the EBRD estimates.

Digital infrastructure is underdeveloped, especially in rural areas, and logistics performance has declined compared to the EU and the region, the EBRD notes./Monitor.al





Lajmet e fundit nga