World Bank Backs $1.2 Billion Program to Help Albanian Economy
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The World Bank endorsed a $1.2 billion lending program for Albania to support the Balkan nation’s economy as it aspires to join the European Union.
The board of executive directors backed the five-year Country Partnership Framework aimed at supporting Albania’s economic overhaul, the Washington-based lender said in a statement on Friday. The directors welcomed the country’s recent progress in pursuing “macro-fiscal and structural” measures as well as the government’s “strong commitment to these long-overdue reforms,” it said.