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PRESS RELEASE October 5, 2017

Albania Puts Its Support Behind Sustainable Public Debt Management: Joins the World Bank Treasury Government Debt and Risk Management Program

WASHINGTON, DC October 5, 2017 — The World Bank Treasury announced today that Albania has joined the Government Debt and Risk Management (GDRM) program, a World Bank Treasury initiative sponsored by the Swiss State Secretariat for Economic Affairs-SECO. The Program is providing assistance to middle-income countries (MICs) to improve macroeconomic and fiscal management by reducing vulnerability to financial and other shocks.

Albania will get full access to the GDRM Program’s institutional strengthening and technical capacity building expertise.

The GDRM Program, which brings a tailored approach to each country’s priorities, provides expert advisory services to improve the quality of government debt and risk portfolio. The program is uniquely designed to support MICs from diagnostic work, to reform plans through implementation. Since its inception in 2011, the program has grown from serving three to 12 countries. Other participating countries include Azerbaijan, Colombia, Egypt, Ghana, Indonesia, Macedonia, Peru, Serbia, South Africa, Tunisia, and Vietnam.