Resource information
This report was prepared in close
collaboration with the Bank of Albania. This report focused
on trade, services, and agriculture; however, the limited
scope of their operations still leaves a potentially large
unmet demand for credit in agriculture. This report focuses
on problems related to the operation of Immovable Property
Registry System (IPRS) and other institutions and the
formalization of property rights and inscription of
mortgages. This study believes the reform with most optimum
impact on sustainable credit growth will be focused on (i)
improving the quality, breadth, and depth of financial
intermediation, (ii) growth and development of credit unions
and microfinance institutions, and (iii) facilitate the
development of new instruments. The authorities will also
focus on implementing reforms to become compliant with
Financial Action Task Force (FATF) recommendation.
