IMF warns of PPP, arrears risks to Albania’s mid-term growth outlook

TIRANA, Jan. 29 – The International Monetary Fund has reiterated its warning over the growing use of public private partnerships and the accumulation of new unpaid government bills to the private sector as a threat to the country’s GDP growth and debt reduction agenda over the next five years. In a newly released report following a visit to the country last November, IMF representatives expect Albania’s economy to slow down to 3.7 percent in 2019, down from an expected decade of 4 percent in 2018, and linger around 3.9 to 4 percent over 2020-2023. The IMF forecasts are around 0.5…