Despite having positively reviewed the economic growth for the country, The World Bank has raised serious concerns regarding corruption in Albania.
During the presentation of the report for the Balkans, World Bank Director for Albania, Maryam Salim, said that this problem should be resolved with transparency and with the adoption of appropriate laws.
“It is very important that, when investments become essentially public procurement, transparency in allowing competition and a focus on existing laws and taxes is clear to investors.
“Of course you have to reduce corruption, because you see that if corruption increases it will slam the brakes on private sector investment.
“The ways to address this are again the increase of transparency and laws that increase investor confidence in the system.
“For example the Eurobond currently shows the confidence of markets and this is a very good step, but it is not just Eurobond.
“There are many partners working with the government for reforms, seeing encouraging progress and focusing on areas that are yet to be reformed,” said Maryam Salim.
The World Bank Economist for our country urged more care be taken for the fiscal consolidation and public spending.
According to Hilda Shijaku, PPPs are a negative factor in this regard, while saying that Albania is offering more unsolicited bids.
The WB revised with forecast of the performance of the Albanian economy by bringing the figure to 4%, up by 0.4%, but in the next two years the expectations for the Albanian economy are lower, respectively 3.6% in 2019 and 3.5% for 2020.
Meanwhile, Prime Minister Edi Rama was happy with the report, adding that this is indicated by the increase in employment.