Resource information
This Country Partnership Framework (CPF)
sets out the World Bank Group (WBG) program for Albania for
the period FY15-19, aimed at supporting Albanias aspiration
to achieve equitable growth and integration into the
European Union. Albania emerged from the collapse of
isolationist communism in the early 1990s as one of the
poorest countries in Europe. The country then experienced
rapid growth of nearly 6 percent per annum, rising into the
ranks of middle income countries by 2008. The global and
Eurozone crises in 2008 brought Albanias growth to a near
stand-still by 2012, and the country is struggling to
recover, particularly given its historic ties to Europes
poorer performing economies. The CPF reflects selectivity
based on the fundamental priorities of the System Country
Diagnostic (SCD) that allows for ramping up support from the
World Bank Group. The CPF selectively chooses only five of
the twelve SCD priorities, and builds a program of support
around this subset of priorities on the basis of additional
selectivity filters. These five fundamental priorities
include: 1) restoring fiscal sustainability and maintaining
financial stability; 2) establishing a high quality business
environment; 3) providing clean, efficient, equitable and
financially sustainable energy; 4) formalizing and enhancing
inclusiveness and sustainability of land markets; and 5)
enhancing governance, transparency and accountability of government.
