Debt Management Performance Assessment : Albania

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collection.link.154
https://openknowledge.worldbank.org/handle/10986/7800
collection.name.154
Debt Management Performance Assessment
dc.contributor.author
World Bank
dc.date.accessioned
2013-11-06T21:51:58Z
dc.date.available
2013-11-06T21:51:58Z
dc.date.issued
2011-06
dc.date.lastModified
2017-12-14T05:19:11Z
dc.description.abstract
From November 8 to 17, 2010, a World Bank team undertook a Debt Management Performance Assessment (DeMPA) mission to Tirana, Albania. The mission's objective was to prepare a comprehensive assessment of government debt management functions by applying the DeMPA methodology. This report presents the results of the assessment, based on the December 2009 version of the DeMPA tool. The assessment reveals that Albania meets the requirements for the A score in eleven dimensions assessed the B score in five dimensions, the C score in twelve dimensions, and the D score in five dimensions. Of more than 50 countries assessed by the World Bank under the DeMPA program so far, Albania stands out as one of the few which has sound debt management practices in the largest number of areas as defined by the DeMPA methodology. Albanian economy is highly dependent on remittances. Sectors that rely on remittances construction, wholesale and retail, and other services together account for over 60 percent of the country's Gross Domestic Product (GDP) and has been the backbone of the country's strong growth. Large capital inflows (remittances, official assistance, and some foreign direct investment) have resulted in a steady appreciation of the country's currency. The DeMPA focuses on central government debt management activities and closely-related functions, such as the issuance of loan guarantees, on-lending, cash flow forecasting, and cash balance management. Thus, the DeMPA does not assess the ability to manage the wider public debt portfolio, including implicit contingent liabilities.
en
dc.identifier
http://documents.worldbank.org/curated/en/2011/06/14989936/albania-debt-management-performance-assessment
dc.identifier.uri
http://hdl.handle.net/10986/16230
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
AMOUNT OF CREDIT
dc.subject
AMOUNT OF DEBT
dc.subject
AUCTION
dc.subject
AUCTION AMOUNT
dc.subject
AUCTIONS
dc.subject
BANK ACCOUNT
dc.subject
BANK ACCOUNTS
dc.subject
BANK BORROWING
dc.subject
BANK FINANCING
dc.subject
BANK LOAN
dc.subject
BANK LOANS
dc.subject
BANK MARKET
dc.subject
BANKING SECTOR
dc.subject
BASIS POINTS
dc.subject
BENEFICIARY
dc.subject
BID
dc.subject
BIDS
dc.subject
BORROWER
dc.subject
BORROWING PLAN
dc.subject
BUDGET DEFICIT
dc.subject
BUDGET DEFICITS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL INVESTMENT
dc.subject
CASH BALANCE
dc.subject
CASH BALANCES
dc.subject
CASH FLOW
dc.subject
CASH FLOWS
dc.subject
CASH MANAGEMENT
dc.subject
CASH RESERVE
dc.subject
CENTRAL BANK
dc.subject
CENTRAL GOVERNMENT DEBT
dc.subject
CHECKS
dc.subject
COMMERCIAL BANKS
dc.subject
COMMERCIAL BORROWING
dc.subject
CONFLICT OF INTEREST
dc.subject
CONFLICTS OF INTEREST
dc.subject
CONTINGENT LIABILITIES
dc.subject
CONTRACTUAL OBLIGATIONS
dc.subject
CORPORATE PROFIT TAX
dc.subject
COUPON
dc.subject
CREDIT RATINGS
dc.subject
CREDIT RISK
dc.subject
CREDIT RISKS
dc.subject
CREDITOR
dc.subject
CREDITORS
dc.subject
CURRENCY
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
CURRENT ACCOUNT DEFICITS
dc.subject
DATED GOVERNMENT SECURITIES
dc.subject
DEALER MARKET
dc.subject
DEBT
dc.subject
DEBT DATA
dc.subject
DEBT ISSUANCE
dc.subject
DEBT MANAGEMENT
dc.subject
DEBT MARKET DEVELOPMENT
dc.subject
DEBT OUTSTANDING
dc.subject
DEBT RATIO
dc.subject
DEBT SERVICE
dc.subject
DEBT SERVICE PAYMENTS
dc.subject
DEBT SERVICING
dc.subject
DEBT TRANSACTIONS
dc.subject
DEBT-SERVICE
dc.subject
DEBTOR
dc.subject
DEBTOR REPORTING SYSTEM
dc.subject
DEPOSITS
dc.subject
DERIVATIVE
dc.subject
DERIVATIVE CONTRACTS
dc.subject
DERIVATIVES
dc.subject
DEVELOPMENT BANK
dc.subject
DISASTER RECOVERY
dc.subject
DISBURSEMENT
dc.subject
DISBURSEMENTS
dc.subject
DOMESTIC BANKS
dc.subject
DOMESTIC BORROWING
dc.subject
DOMESTIC DEBT
dc.subject
DOMESTIC DEBT MARKET
dc.subject
DOMESTIC MARKET
dc.subject
DURABLE
dc.subject
ECONOMIC ACTIVITY
dc.subject
EMPLOYER
dc.subject
ENFORCEABILITY
dc.subject
EQUIPMENT
dc.subject
EUROBOND
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATES
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXTENSION OF CREDIT
dc.subject
EXTERNAL BORROWING
dc.subject
EXTERNAL BORROWINGS
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL FUNDING
dc.subject
FINANCE COST
dc.subject
FINANCIAL ANALYSIS
dc.subject
FINANCIAL ASSISTANCE
dc.subject
FINANCIAL CREDITS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL OBLIGATIONS
dc.subject
FINANCING OF INVESTMENT
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL POLICIES
dc.subject
FISCAL POLICY
dc.subject
FIXED COUPONS
dc.subject
FIXED INCOME
dc.subject
FLOATING-RATE NOTES
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN CURRENCY RISKS
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN HOLDINGS
dc.subject
FRAUD
dc.subject
GOVERNMENT BANK
dc.subject
GOVERNMENT BONDS
dc.subject
GOVERNMENT BORROWING
dc.subject
GOVERNMENT BORROWINGS
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT GUARANTEES
dc.subject
GOVERNMENT SECURITIES
dc.subject
GUARANTEE FEES
dc.subject
HIGH INTEREST RATE
dc.subject
HOLDING
dc.subject
HOLDINGS
dc.subject
HOLDINGS OF GOVERNMENT SECURITIES
dc.subject
HUMAN RESOURCE
dc.subject
HUMAN RESOURCES
dc.subject
HUMAN RIGHTS
dc.subject
INCOME TAX
dc.subject
INDIVIDUAL CREDITORS
dc.subject
INFORMATION SHARING
dc.subject
INSTRUMENT
dc.subject
INSURANCE
dc.subject
INTEREST PAYMENTS
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE CHANGES
dc.subject
INTEREST RATE RISK
dc.subject
INTEREST RATES
dc.subject
INTERNAL AUDIT
dc.subject
INTERNAL AUDITS
dc.subject
INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject
INTERPOLATION
dc.subject
INVENTORY
dc.subject
INVESTMENT BANK
dc.subject
INVESTMENT PROJECTS
dc.subject
INVESTOR BASE
dc.subject
ISSUANCE
dc.subject
ISSUANCE OF TREASURY BILLS
dc.subject
LEGAL FRAMEWORK
dc.subject
LENDER
dc.subject
LENDING AGREEMENTS
dc.subject
LIMITED ACCESS
dc.subject
LIQUIDITY
dc.subject
LOAN
dc.subject
LOAN AGREEMENT
dc.subject
LOAN AGREEMENTS
dc.subject
LOAN CONTRACT
dc.subject
LOAN GUARANTEES
dc.subject
LOCAL CURRENCY
dc.subject
LOCAL GOVERNMENT
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC POLICY
dc.subject
MACROECONOMIC STABILITY
dc.subject
MACROECONOMIC VARIABLES
dc.subject
MARKET BORROWING
dc.subject
MARKET CONDITIONS
dc.subject
MARKET DEVELOPMENT
dc.subject
MARKET PARTICIPANT
dc.subject
MARKET PARTICIPANTS
dc.subject
MATURITIES
dc.subject
MATURITY
dc.subject
MONETARY POLICY
dc.subject
NATURAL DISASTERS
dc.subject
NOMINEE ACCOUNT
dc.subject
OPEN-MARKET OPERATIONS
dc.subject
OUTSTANDING DEBT
dc.subject
PAYMENT ORDER
dc.subject
PAYMENT ORDERS
dc.subject
PENSION
dc.subject
PENSION SYSTEM
dc.subject
PENSIONS
dc.subject
PERSONAL INCOME
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO RISK
dc.subject
PRICE STABILITY
dc.subject
PRIMARY MARKET
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PUBLIC DEBT
dc.subject
PUBLIC DEBT MANAGEMENT
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC SECTOR DEBT
dc.subject
PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
dc.subject
RECESSION
dc.subject
REGISTRY SYSTEM
dc.subject
REMITTANCES
dc.subject
REPAYMENT
dc.subject
REPO
dc.subject
REPO RATE
dc.subject
RESERVE
dc.subject
RESERVE FUND
dc.subject
RETAIL INVESTORS
dc.subject
RETURN
dc.subject
RISK ASSESSMENTS
dc.subject
RISK CONTROL
dc.subject
RISK MANAGEMENT
dc.subject
SECONDARY MARKET
dc.subject
SECONDARY MARKET TRADING
dc.subject
SETTLEMENT
dc.subject
SETTLEMENT OF TRANSACTIONS
dc.subject
SMALL BUSINESS
dc.subject
SOCIAL DEVELOPMENT
dc.subject
SOLVENCY
dc.subject
STATE LOAN
dc.subject
SUB-NATIONAL BORROWINGS
dc.subject
T-BILLS
dc.subject
T-BONDS
dc.subject
TAX
dc.subject
TAX COLLECTION
dc.subject
TERM DEPOSIT
dc.subject
TOTAL DEBT
dc.subject
TRADING
dc.subject
TRANSACTION
dc.subject
TREASURY
dc.subject
TREASURY BILLS
dc.subject
TREASURY BONDS
dc.subject
TREATIES
dc.subject
TURNOVER
dc.subject
UNIFORM-PRICE
dc.subject
USE OF DERIVATIVES
dc.subject
YIELD CURVE
dc.title
Debt Management Performance Assessment : Albania
en
okr.date.disclosure
2011-09-08
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Debt Management Performance Assessment
okr.docurl
http://documents.worldbank.org/curated/en/2011/06/14989936/albania-debt-management-performance-assessment
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20110908012351
okr.identifier.internaldocumentum
14989936
okr.identifier.report
63631
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/09/08/000333037_20110908012351/Rendered/PDF/636310WP0Alban00Box0361520B0PUBLIC0.pdf
en
okr.region.administrative
Europe and Central Asia
okr.sector
Public Administration, Law, and Justice :: General public administration sector
okr.theme
Economic management :: Debt management and fiscal sustainability
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Banks and Banking Reform
okr.topic
International Economics and Trade :: External Debt
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress

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