They have also made progress in structural reform, particularly in relation to enterprise privatization.
Monetary policy continues to aim at maintaining low inflation.
The authorities are determined to address the wide-ranging problems in the electricity sector and have reached an agreement with the World Bank on a strategy to reform the sector. This is intended to ensure that each PRGF-supported program is consistent with a comprehensive framework for macroeconomic, structural, and social policies to foster growth and reduce poverty. At this time for Albania, pending the completion of a PRSP, a preliminary framework has been set out in an interim PRSP, and a participatory process is underway. Once completed and broadly endorsed by the Executive Boards of the IMF and World Bank, the PRSP will provide the policy framework for future reviews under this PRGF arrangement.