World Bank Group2015-11-232015-11-232015-07-01https://hdl.handle.net/10986/23126This Country Partnership Framework (CPF) sets out the World Bank Group (WBG) program for Albania for the period FY15-19, aimed at supporting Albanias aspiration to achieve equitable growth and integration into the European Union. Albania emerged from the collapse of isolationist communism in the early 1990s as one of the poorest countries in Europe. The country then experienced rapid growth of nearly 6 percent per annum, rising into the ranks of middle income countries by 2008. The global and Eurozone crises in 2008 brought Albanias growth to a near stand-still by 2012, and the country is struggling to recover, particularly given its historic ties to Europes poorer performing economies. The CPF reflects selectivity based on the fundamental priorities of the System Country Diagnostic (SCD) that allows for ramping up support from the World Bank Group. The CPF selectively chooses only five of the twelve SCD priorities, and builds a program of support around this subset of priorities on the basis of additional selectivity filters. These five fundamental priorities include: 1) restoring fiscal sustainability and maintaining financial stability; 2) establishing a high quality business environment; 3) providing clean, efficient, equitable and financially sustainable energy; 4) formalizing and enhancing inclusiveness and sustainability of land markets; and 5) enhancing governance, transparency and accountability of government.en-USCC BY 3.0 IGOTARIFFSEMPLOYMENTCAPITAL MARKETSFINANCIAL SERVICESREGULATORY FRAMEWORKUNEMPLOYMENT RATESECONOMIC GROWTHACCOUNTINGWASTE MANAGEMENTURBAN GROWTHFOREST MANAGEMENTFINANCIAL MANAGEMENTFISCAL DEFICITSINTERESTHEALTH EXPENDITURESLAWSAGRICULTURAL PRODUCTIONGUARANTEESPRIVATIZATIONINDUSTRYPRODUCERSRESOURCE MANAGEMENTPROPERTY RIGHTSLOCAL GOVERNMENTSBALANCE OF PAYMENTSFINANCIAL RESOURCESRESOURCE ALLOCATIONLABOR FORCEWATER SUPPLYSERVICESPUBLIC SERVICESPOLITICAL ECONOMYHOUSINGREVENUESFISCAL POLICYTAX COMPLIANCESUSTAINABLE MANAGEMENTCAPITAL ADEQUACYINCENTIVESPROJECTSREAL WAGESSUSTAINABLE DEVELOPMENTINFLATIONLOCAL GOVERNMENT FINANCEMUNICIPALITIESECONOMIC ANALYSISSAFETY NETSBUDGETMACROECONOMIC STABILITYFISCAL POLICIESSAVINGSTECHNICAL ASSISTANCEOILCROWDING OUTCAPITAL GAINSTRANSPORTPRODUCTIVITYOPTIONSMIGRATIONTRANSFERSFINANCIAL INSTITUTIONSMARKETSDEBTLOCAL GOVERNMENTDEFICITSLEGISLATIONPUBLIC FINANCEFORESTRYLAND RESOURCESWELFARE GAINSLABORLOANSENTERPRISESDIVIDENDSNATURAL RESOURCESTRUST FUNDSSUBSIDIESREAL SECTORLEGAL FRAMEWORKRETURN ON ASSETSFINANCEEFFICIENCYINFRASTRUCTURETAXESBANKING SECTORLAND USEBANKSRESOURCESUNEMPLOYMENTEMERGING MARKETSDEREGULATIONEQUITYCONSUMPTIONSOCIAL SAFETY NETSACCOUNTABILITYWAGESCLIMATE CHANGESOCIAL SERVICESFINANCIAL STABILITYSUBSIDIARIESVALUEPENSIONSWAGE RATESBANKGOVERNMENT FINANCECREDITDIVISION OF LABORDEMANDCPIMANAGEMENT INFORMATION SYSTEMSSUSTAINABLE USESUSTAINABLE GROWTHAGGREGATE DEMANDINCOME DISTRIBUTIONPUBLIC EXPENDITURESELECTRICITY GENERATIONEXPENDITURESPROPERTYDECISION MAKINGFOREIGN BANKSFISCAL YEARGOVERNMENT REFORMTRANSACTION COSTSENVIRONMENTEIBURBAN DEVELOPMENTSTREAMSTERMS OF TRADEPUBLIC DEBTTAX REVENUEPROFITABILITYENERGY EFFICIENCYGOVERNANCEINSURANCEPREFECTURESECONOMIC DEVELOPMENTCARTELSTRADEPUBLIC AGENCIESLANDLAND PRODUCTIVITYACCOUNTING STANDARDSRISKCOMMERCIAL BANKSADMINISTRATIVE PROCEDURESCOMPARATIVE ADVANTAGEDRAINAGE SERVICESFARMSFINANCIAL MARKETSCITTAX ADMINISTRATIONDECENTRALIZATIONREVENUEPRIVATE CONSUMPTIONHIGH UNEMPLOYMENTRISK MANAGEMENTLENDINGENTREPRENEURSHIPENVIRONMENTALCOST SAVINGSLABOR MARKETSGOVERNMENTSPROPERTY OWNERSHIPCIVIL SERVICEHEALTH SERVICESPRICESPRODUCTION COSTSECONOMIC CONDITIONSECONOMIESCONSOLIDATIONReportWorld Bank10.1596/23126