Oxford Economic Country Briefings, July 12th, 2007
Highlights and Key Issues
* Growth is forecast to pick up to about 6% this year, led by solid domestic demand, while inflows from remittances, FD1 and borrowing should cover the current account deficit. A eurobond issue of up to EUR300m will introduce Albania to international markets before the end of Q1 2008; a strong uptake is expected despite an initial credit rating below investment grade.
* Moody's has rated the debt at B1, level with Ukraine, supported by consistent growth and political consensus on EU-style reform but constrained by energy shortages, poor infrastructure, weak exports,...
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