IMF warns of PPP threat as it downgrades Albania’s growth prospects

TIRANA, Oct. 3 – The International Monetary Fund has lowered Albania’s GDP growth prospects and warned a series of vulnerabilities including the much-rumored public-private partnerships pose serious threats to the country’s macro-economic stability and fiscal consolidation efforts. In a concluding statement following an official visit to the country, the IMF says it expects Albania’s growth to slow down to 3.7 percent of the GDP in 2018, down from 3.9 percent this year as investment by large energy related projects such as the Trans Adriatic Pipeline and Devoll Hydropower project taper off and no new major projects appear in sight to…