World Bank Grants USD 1.2 B in Aid to Albania

World » SOUTHEAST EUROPE | May 22, 2015, Friday // 08:17| Views: | Comments: 4
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Bulgaria: World Bank Grants USD 1.2 B in Aid to Albania File photo

The World Bank Group is allocating USD 1.2 B to Albania under the 2015-2019 Country Partnership Framework (CPF), the international institution has announced.

This is a substantial share of its GDP, which amounted to about USD 13.6 B in 2014 according to national statistics.

According to a press statement released Thursday, the aim is to support "Albania’s aspirations to achieve equitable growth and integration into the European Union."

The World Bank Group (WBG) includes in Albania includes the International Bank for Reconstruction and Development, the International Finance Corporation (IFC, the private sector arm) and the Multilateral Investment Guarantee Agency (MIGA) providing investment risk insurance.

In the list of reforms in Albania on which the WB is putting an emphasis are "restoring macro-fiscal sustainability, stimulating private sector growth, and creating an accountable government".

The 2015-2019 framework comprises three main areas: fiscal sustainability and financial stability; stimulating private sector growth; strengthening of public sector management and service delivery.

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Tags: World Bank Group, Albania, aid, Country Partnership Framework
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» To the forumComments (4)
GrueFski - 23 May 2015 // 11:34:33

And of course Bulgarians do not deserve the entire F YROM, even without taking into consideration the abandoning of Albania's ethnic Bulgarians by Bg authorities (combined with the F YROMian propaganda to "Macedonize" them) or the abandoning of Serbia's ethnic Bulgarians and also Turkey's Bulgarians (they are all Muslims, Pomaks, unlike Serbia's Bulgarians, yet Bg authorities, not only the present ones, make no discrimination (which in other circumstances would be a good thing), they couldn't care less about either Christian Bulgarians in Serbia, Muslim Bg in Turkey or Christian + Muslim Bg in Albania.

GrueFski - 23 May 2015 // 11:30:39

If you care more about hating Muslims than about winning them over as anti-Serbia and anti-F YROM allies, you do deserve your fate
not to mention hating Muslims means hating Bulgarian Muslims, Muslim Bulgarians too.

GrueFski - 23 May 2015 // 11:28:40

Albanian are not ordinary Muslims
most of them are not even good Muslims, drinking alcohol and eating meat and so on...
Albanians are Bg's allies both against Serbia and F YROM
and for the anti-Greek Bulgarians and Albanians, Albania and Bulgaria could cooperate against Greece too
although there is no justification, reason for that
focus on Serbia and F YROM
plus Albanians are the oldest Balkanians (together with the Greeks)

malak petko - 23 May 2015 // 11:10:09

1.2 billion may not be enough to tame the Albanians...
much more are needed. They have the prophet Mohamed guiding their way.

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