[ad_1]
The President of the Republic, Ilir Meta has decreed the name of Gent Sejko to be re-elected Governor of the Bank of Albania.
The announcement of the President’s institution states that “we appreciate the policy of the Bank of Albania, which has been accommodating to provide the necessary support for economic recovery as a result of the earthquake and pandemic, as well as to facilitate fiscal consolidation.”
Also, says the Presidency, the role of the Bank of Albania to ensure that the financial sector remains stable and liquid is to be underlined.
“However, in conditions when headline inflation has increased due to higher food and energy prices, the Bank of Albania should continue to closely monitor inflation developments and adjust the policy stance in line with its objective of maintaining stability. of price“, Is quoted from the announcement.
Meanwhile, according to the institution of the President, the risk of growing non-performing loans adds to the importance of close monitoring of the quality of banks’ loan portfolio, maintaining capital reserves and strengthening the framework for resolving bad loans.
“All actors should make joint efforts to better monitor and manage the growing fiscal risks associated with increasing public debt and exposure to increasing the portfolio of Public Private Partnership projects.“, Says the announcement of the Presidency.
The mandate of the Governor of the Bank of Albania ended on February 5, 2022.
top channel
[ad_2]
Source link
