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Overview

Country Context

Albania2020
Population, million2.9 
GDP, current US$ billion15.3 
GDP per capita, current US$ 
Life Expectancy at birth, years 78.2

Albania is implementing important structural reforms that will support equitable growth, raise productivity and competitiveness in the economy, create more jobs, and improve governance and public service delivery. Enhanced regional connectivity and access to regional and global markets, coupled with export and market diversification, can also help promote faster growth. 

The Government of Albania has been working on a broad-based reform program focused on macroeconomic and fiscal sustainability, financial sector stabilization, energy reform, social assistance and disability reform, and territorial decentralization.

Albania was hit by a devastating earthquake on November 26, 2019. In response, a donor’s conference was organized in Brussels in February 2020 and roughly €1 billion was pledged from countries and international financial institutions. 

In the midst of these reconstruction efforts, the COVID-19 crisis is putting more pressure on the Government’s budget and response efforts. The World Bank and other partners are cooperating to support the Government in overcoming these challenges and implementing the country’s longer-term development goals. 

Last Updated: Apr 07, 2021

dams and reservoirs rehabilitated in Albania with support from the World Bank.

LENDING

Albania: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Additional Resources

Country Office Contacts

Tirana, Albania
34 Ibrahim Rugova St.
Tirana, Albania
Tel. (355 4) 2280 650/1