World Bank warns the government about PPPs and concessions

World Bank warns the government about PPPs and concessions
Public and Private Partnership schemes, which, the Albanian government has recently launched, were at the focus of World Bank experts while presenting their report on Albania. Once again, the leading financial institution has called on Albania to be careful with the application of these schemes. According to the World Bank economist in Albania, Hilda Shijaku, such schemes could be risky and that the government should be very cautious. Meanwhile, she said that more should be done to make public investments more efficient. Let us recall that Public and Private Partnership schemes have constantly been at the focus of the International Monetary Fund.

Like the World Bank, IMF too has asked the government to be more cautious with this scheme, because it can lead to a further rise of public debt. On the other hand, the World Bank has also commented the structural changes in the Albanian banking system, giving assurances that the country’s banking system enjoys stability. “Nevertheless, authorities should monitor new market players and prevent any conflict of interest”, experts of the World Bank said. Meanwhile, a similar position was also taken by the head of the Albanian Central Bank in a public appearance two days ago.

 

 

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