IMF "slaps" the government, demands the dissolution of the Transparency Board and opposes the fiscal amnesty project

The International Monetary Fund has called for the Transparency Board to be dissolved and reiterates its advice against a possible fiscal amnesty. The International Monetary Fund has asked the government to support families in need, which since the beginning of this year are facing a rising tide of prices. According to the IMF, this should not be done through the Transparency Board that has been set up to fix prices, further suggesting the merging of this structure. instead of replacing it with well-oriented support for the poor and the exposed strata in order to protect them from the effects of rising prices. For this reason, efforts to improve the social protection system in the country must continue, "including the expansion of coverage of the poor and needy in the informal sector," the statement said. The IMF mission has also proposed a gradual overhaul of electricity tariffs, through a scheme that protects the poor. crucial reforms to restore financial viability to state-owned enterprises. "In addition, gradual changes in tariffs are needed, which should be accompanied by measures that protect the poor and needy," the statement said. through a scheme that protects the poor. ”The turmoil in global energy markets has further exacerbated the fiscal burden on the electricity sector and underscored the urgent need for crucial reforms to restore the financial viability of state-owned enterprises. "In addition, gradual changes in tariffs are needed, which should be accompanied by measures that protect the poor and needy," the statement said. through a scheme that protects the poor. ”The turmoil in global energy markets has further exacerbated the fiscal burden on the electricity sector and underscored the urgent need for crucial reforms to restore the financial viability of state-owned enterprises. "In addition, gradual changes in tariffs are needed, which should be accompanied by measures that protect the poor and needy," the statement said.

Inflation and public debt

Meanwhile, the Fund forecasts an economic growth in 2022 for Albania of about 3%, supported by tourism and construction, but weakened by the impact of rising prices. Meanwhile, inflation is expected to remain high in the coming months, driven by import prices, before returning to the target again in early 2024, reflecting the impact of monetary policy tightening. The International Monetary Fund believes that public debt and especially refinancing needs should be reduced as long as the economy continues to grow. While commending the initiative taken by the government to strengthen the law on income tax, which aims to simplify, increase efficiency and greater equality among taxpayers, who earn different types of income, The IMF reiterates its advice against a possible fiscal amnesty, given concerns about its impact on tax compliance, as well as the risks associated with money laundering and tax administration. Meanwhile, to curb domestic inflationary pressures and return inflation expectations back to target, further increases in the key interest rate are needed. high base rate to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said. given the concerns about its impact on tax compliance, as well as the risks associated with money laundering and tax administration. Meanwhile, to curb domestic inflationary pressures and return inflation expectations back to target, further increases in the key interest rate are needed. high base rate to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said. given the concerns about its impact on tax compliance, as well as the risks associated with money laundering and tax administration. Meanwhile, to curb domestic inflationary pressures and return inflation expectations back to target, further increases in the key interest rate are needed. high base rate to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said. to curb domestic inflationary pressures and turn inflation expectations back on target, further increases in the key interest rate are needed. of the key rate to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said. to curb domestic inflationary pressures and turn inflation expectations back on target, further increases in the key interest rate are needed. of the key rate to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said. as excessive delays in tightening monetary policy may later require higher base rate hikes to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said. as excessive delays in tightening monetary policy may later require higher base rate hikes to turn inflation into target. "The strategy on the timing and extent of monetary policy tightening must be clearly communicated in order to maintain the credibility of the central bank and to anchor inflation expectations," the IMF said.