WB: Foreign investment in Albania will fall by 22% in 2019

WB: Foreign investment in Albania will fall by 22% in 2019

 The World Bank announces a significant reduction in foreign investment in our country in the years to come. In a recent projection for Albania, foreign direct investment will be included in a downward trajectory this year to continue in this way at least until 2019.

The bank says the FDI will reach 8.3 per cent of GDP this year from 8.7 per cent of last year. But next year they are not expected to be more than 7 percent of GDP and in 2019 will be 5.6 percent of GDP.

In absolute terms, foreign investments are expected to fall by 22%.
WB says that in recent years foreign investment has been the main engine of economic growth in Albania and their decline will generate a gap.

Albania's economy grew 3.4 percent in 2016, and this growth was mostly driven by private investment in the two main projects, the TAP pipeline and the HPPs in the Devoll River.

The bank says remittances and foreign investments finance the major part of the imports.

The benefits of economic growth with the creation of new jobs need to be consolidated and expanded in order to break the immigration chain, shallow reforms and sluggish economic growth.

The BB recommends eliminating discouraging factors and formal employment barriers to enable faster growth rates, job creation and poverty reduction.

Improving the business and governance climate to enable companies to create more jobs, expand and increase productivity is another recommendation.

Increasing the equality, quality and efficiency of public services and social protection systems, while is recommended the reducing the role of government..
WB: Foreign investment in Albania will fall by 22% in 2019 WB: Foreign investment in Albania will fall by 22% in 2019 Thursday, October 26, 2017 Rating: 5
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