Albania Financial Sector DPL

closed

The development objective of Financial Sector Development Policy Loan (DPL) Project for Albania is to strengthen the resiliency of the banking sector and the regulation and supervision of nonbank financial institutions. The DPL is structured around three pillars: (a) adopting policy measures to reduce nonperforming loans (NPLs) and enhance the financial safety net, (b) strengthening regulation, supervision, and resolution regime of banks and Savings and Credit Associations (SCAs), and (c) strengthening the regulation and supervision of investment funds. This operation directly contributes to the Country Partnership Framework (CPF) 2015-2019 Focus Area 1 objective to improve financial stability. The first focus area includes three CPF objectives that aim to support Albania’s efforts to improve fiscal sustainability, strengthen public investment management, and improve financial stability. The World Bank has been providing substantial support to Albania in recent years, through several development policy operations and the objective of this operation is to enhance Albania’s competitiveness through improving the investment regime, facilitating trade, and making it easier to do business.