Background: In February 2014, the Executive Board approved a three-year Extended Arrangement with access equivalent to SDR 295.42 million (492.4 percent of quota). So far, four purchases totaling the equivalent of SDR 123.1 million have been made, and another one equivalent to SDR 57.76 million...

This paper examines the phenomenon of financial euroization in Albania, focusing on the liability side of the banking system. It explores some of the main theoretical and empirical determinants of deposit euroization in the context of the high euroization rates originating in the transition...

KEY ISSUESBackground: On February 28, the Executive Board approved a three-year ExtendedArrangement with access of SDR 295.42 million (492.4 percent of quota). A purchase of SDR 23.55 million (about EUR 26.4 million) was made in April 2014, and another will be made in the same amount upon...

Forests are important resources for local livelihoods and the economy. Forest cover can be significantly affected by changes in institutional and political framework conditions such as induced by the collapse of socialism in Eastern Europe and the war in Kosovo. This study analyzed the...

The Mapping of sector strategies in Western Balkan countries (the former Yugoslav Republic of Macedonia, Montenegro, Bosnia and Herzegovina, Kosovo2, Serbia, Albania) and Turkey is a study and an evaluation on the sectors’ readiness (maturity) for a Sector Approach. Based on qualitative and...