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TIRANA, March 7 – The International Monetary Fund says it has advised the Albanian government to temporarily suspend its ambitious €1 billion public private partnership project until guarantees are put in place to reduce potential risks to public finances. Jens Reinke, the IMF resident representative in Albania, says the projected PPPs undermine efforts to reduce public debt, currently hovering at 70 percent of the GDP and posing a key threat to public finances and priority investments. “We have declared that the institutional framework on the management of concessions remains inappropriate. Of course, building the right capacities and institutions requires a…
