active role of it credit to the economy. weak inflationary pressures, present in the albanian economy, are expected to be dominant in the near future. with 90 % probability of occurrence, inflation is expected to range within the 0. 9 – 3. 6 % interval, four quarters ahead. from the available information, taking into account our projections, the action force of the monetary policy transmission mechanism and other financial stability - related considerations, the bank of albania deems that the monetary policy will remain stimulating during the medium - term period. in our judgement, maintaining the stimulating side of the monetary policy ensures inflation ’ s return to target within a reasonable timeframe, and corroborates the recovery of domestic demand. concluding, i would like to dwell also on the risks related to the above - mentioned projections. first, in the presence of a consolidating fiscal policy and under the current situation of global markets, our growth projections are conditioned by the increase in private consumption and investments. these components of demand have been upward during the first half of the year ; yet, factors contributing to this growth do not appear consolidated. the easing monetary policy contributes to establishing more favourable lending conditions, but it should be followed by sustainable improvements in the labour market, company balance sheets, and business climate as well as boosted confidence on the country ’ s long - term development perspective. second, our projections and the country ’ s economic development remain subject to unforeseen supply - side shocks. the performance of energy production, agricultural sector, oil price, commodity prices, and final product prices in international markets has a significant impact on economic activity and inflation in albania. third, macroeconomic policies should preserve the stimulating mix, as well as the composition and intensity of this mix. implementing consistent policies would contribute to enhancing the confidence at home and reducing the risk premiums. the fiscal policy should be in accordance with commitments for the consolidation of fiscal indicator and settlement of financial obligations to the private sector. monetary policy will continue to remain stimulating, bis central bankers ’ speeches but its extent and duration will be exclusively serving to meet our inflation target. finally, the albanian economy needs comprehensive structural reforms that would enhance albania ’ s competitiveness in international markets and expand our productive potential. without structural reforms, macroeconomic policies would not generate long - term growth for a country. our country should honour all its commitments to the european union, arising from the status of the candidate country. moreover, the public sector should have well - integrated and long -

gent sejko : global money week 2023 in albania address by mr gent sejko, governor of the bank of albania, at the opening ceremony of the global money week 2023 in albania, tirana, 20 march 2023. * * * honourable minister of education and sports, dear chairman of the albanian association of banks, dear students and teachers, friends and banker colleagues, again this end of march, i have the pleasure to welcome you to the opening ceremony of the global money week, which from a decade now brings us together : bankers, teachers, students and pupils. alongside our efforts and work for enhancing financial literacy and inclusion of public throughout the year, the money week focuses entirely on the new generation, both in albania and globally. the oecd recommendation on financial literacy encourages governments and other policymakers " - to take measures for the development of financial literacy at an early stage " on themes and through channels adequate for the beneficiary. in compliance with this recommendation, the objective of money week, coordinated by the oecd - infe1, is to encourage children, to actively think since an early age, about money and finances, and gradually acquire the necessary knowledge, skills, positions and behaviours to take sound financial decisions which lead to the final goal : the welfare and financial sustainability. i am proud to say that money week is already globally known, particularly to young people. since its first edition in 2012, it has been involving an increasing number of central and local organisations, across more than 175 countries. in our country, the bank of albania, in collaboration with the albanian association of banks and with the precious support of the ministry of education and sports and other partners, has for many years organised educational and awareness - raising activities tailored for pre - university and university students. in this week, our goals, more than ever, converge with those of educational institutions and civil organisation, to enhance financial knowledge and awareness of the young generation to become financially responsible citizens in the future. " plan your money, plant your future " is the official theme of global money week 2023. this motto once more weighs the importance of a prudential approach towards money, to ensure the future well - being, by having the adequate knowledge on an increasingly innovative financial market. together with our partners, we have prepared a calendar of various educational and entertaining activities related to this theme, to teach children and young people how to generate profits from entrepreneurship, how to save and take care