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IMF Chief Georgieva: Bank of Albania strong in times of economic turbulence

2025-11-11 09:58:00, Ekonomi CNA

IMF Chief Georgieva: Bank of Albania strong in times of economic turbulence

IMF Managing Director Kristalina Georgieva stated today that the Bank of Albania has remained strong throughout changes and times of economic turbulence.

In her virtual speech during the bank's 100th anniversary event, Georgieva said that the IMF provides full support to the Bank of Albania during the transformation and challenges in the country's European integration process.

Georgieva described the Bank of Albania as a testament to the economic development of the Albanian state.  

"I am delighted to join you today, albeit virtually. This centennial anniversary is not only a celebration, but also a testament to the reform of the institution. The BoA has reflected the economic development of the Albanian state. The country has faced political changes, economic shocks and the impacts of global developments. Today, Albania ranks among the countries with the best economic growth. This is thanks to stable monetary policies and the commitment to staying strong in times of turbulence. This is especially true during the European and global economic crisis, as well as the challenges of the pandemic. Albania's journey teaches us that central bank independence is effective in standing up to crises. Looking ahead, we face digital transformation, demographic change and AI. The BoA has a clear vision related to European membership at a time of global challenges. And it has the support of the International Monetary Fund," Georgieva said. /CNA





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