The Executive Board of the International Monetary Fund has approved the disbursement of some 36 million euro to Albania after completing a review of the country’s economic performance, the IMF said in a press release on Wednesday, Sputnik reported.
In February 2014, the IMF approved a support package for Albania amounting some 370 million euro.
"The completion of the review enables an immediate disbursement of SDR [Special Drawing Right] 28.65 million (about €35.9 million), bringing total disbursements under the arrangement to SDR 238.14 million (about €298.3 million)," the release stated.
The IMF noted that Albania’s economic recovery is strengthening, since it is supported by "large energy-related investments and a gradual recovery in domestic demand."
The IMF stressed the Albanian authorities should continue to focus on fiscal adjustment and monetary easing.