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  • Sunday, 20 October 2019
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  • Current Issues News

    WB critical of Basha and the government on controversy surrounding PPPs


    The World Bank economic report for the region was introduced on Tuesday, in a conference attended by  a number of experts and stakeholders, including WB representative for Albania, Hilda Shijaku and WB representative for the Western Balkans, Maryam Salim. The latter also commented on a previous statement by the leader of the opposition Lulzim Basha who urged second-tier banks in the country to stop financing Edi Rama’s PPPs.

    ” PPPs are not a bad thing as no country meets all the infrastructure needs on its own, the issue is how you manage it, transparency, benefits and advantages. What banks should invest in or not, it is up to them, as each bank decides what makes sense to them. We have a very vibrant sector in Albania. We should not say that there should be no PPP,s, rather we should work to make them more transparent”, said Salim.

    Whereas the representative for Albania, Hilda Shijaku said: “The changes in the law on concessions are positive. We are working on drafting a report on concessionary contracts, to assess the costs and impact they have on the economy”. Shijaku also stated that that the report predicts slowing economic growth in the country, citing the political crisis and issues with the energy sector as instigators.

    ” Albania is second in the region for the highest public debt. The country should boost exports and implement structural reforms, ”said Shijaku, adding that Kosovo has the highest growth in the region. Tiranapost.al

     

     

     

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