USAID supportsdevelopment of Albanian capital markets

TIRANA, July 14 – Albania has drafted, with USAID support, a new law on investment funds expected to pave the way for the development of capital and pensions markets in Albania. USAID will also support other initiatives for development of a private stock exchange in Albania by helping to write a regulation to govern the exchange. The USAID program, in partnership with the Financial Services Volunteer Corps (FSVC), works to strengthen and enlarge Albania’s financial sector so that it is safer and sounder, better able to attract new sources of capital, and more efficient at deploying capital resources that already exist in the country.
In the upcoming projects, FSVC will utilize volunteers from the Polish Financial Supervisory Authority who will provide expert analysis on the current legal and operating environment in Albania.
The volunteers will also provide, to Albanian counterparts, recommendations throughout the process of drafting the investment fund law and the stock exchange regulation, as well as ensure that legal documents comply with EU Directives.
This effort stems from a growing interest in the private sector for the development of the capital markets, a desire for more investment opportunities in the country and the need for a functioning stock exchange.