resolution law empowers the bank of albania with the necessary tools and instruments to resolve failing banks, with no eventual impact on financial stability. nevertheless, going back to the important lessons of the crisis, these efforts would be insufficient unless undertaken in coordination with all the relevant institutions and players of the crisis management platform. clearly, effective crisis management requires ongoing communication and coordination among : supervisors and resolution authorities, financial market authorities, deposit insurers and the government. the financial stability advisory group ( fsag ) is assigned with the important role of assisting in safeguarding financial market stability in the republic of albania. the fsag was established in 2006 and comprises the ministry of finance and economy, the bank of albania, the albanian financial supervisory authority and the albanian deposit insurance agency. a memorandum of understanding between the fsag participants has been in place since 2014, to support its work on monitoring developments and risks to the banking and financial system and engaging in contingency planning and crisis preparation to prevent and address systemic risks. thanks to prudent measures undertaken in coordination with all the relevant institutions, the albanian economy enjoys a sound financial system, with healthy banks, ample liquidity and prudent behaviour in terms of risk - taking. the banking sector operates in a sound and stable macroeconomic environment, sustained by a well - functioning and robust financial system. we are happy to observe that credit quality has improved significantly and the banking sector is consolidating, though more is expected in terms of financial deepening and credit growth. standing from this point of view, our future efforts will certainly aim towards maintaining sound prudential practices and policies and further developing market discipline to secure a resilient financial system. staying in this line, the bank of albania and the albanian deposit insurance agency ’ s relationship has constantly evolved over the years to become a strong partnership and cooperation, allowing our institutions to fulfil their respective, but complementary, missions. the topic of the technical assistance workshop is also of great interest to the bank of albania and certainly to other institutions responsible for financial stability. the bank of albania looks forward to hearing and learning about the different perspectives and approaches that will be 2 / 3 bis central bankers'speeches shared in this workshop or on the topic. of course, the topic becomes more sensitive considering the current global financial complexity and its fast - changing landscape, and in view of the newly - acquired functions of the bank of albania and adia under the new law “ on the recovery and resolution

cultures. however, despite the vast resources concentrated in agriculture and the important role it plays as the main source of income for a considerable part of the population, only 20 % of gross added value comes from this sector. the low share in economy in proportion to the considerable number of the population involved in agriculture indicates the low productivity in this sector. the latest data show that the exports of “ food, beverages and tobacco ” account for 6. 2 % of total exports. livestock and agricultural products share 0. 78 % and 2. 3 % in total exports, respectively, whereas agroindustry shares 3 %. fier district represents a considerable part of production factors in agriculture. the latest data show that fier shares 18 % in total agricultural land, thus being classified as the district with the highest share in the country. in 2012, more than 56 thousand farms were registered in fier, the highest number on a country - level. this number accounts for 16 % of total farms in the country, providing the highest share of income from the sale of agricultural products, and about 20 % of albania ’ s total income. related to livestock, fier, and mainly lushnja district, have a considerable share in livestock products. as a district, fier produces 20 % of total livestock production ( milk ), whereas lushnja produces 9 %. the above setting witnesses private efforts and entrepreneurship to develop this sector. in order for this process to go ahead at a more accelerated pace, the policy - makers should identify the advantages and problems this sector encounters, in order to address them quickly. in 2012, the oxford university published a book focused on economic growth in southeastern european region. this book elaborates on a number of structural problems and challenges facing the albanian economy, in its efforts to develop further. agriculture has significant share in this analysis. some of these problems are acknowledged and frequently mentioned, such as the important infrastructure - related issues that include the road, watering, draining, storage and processing systems. problems with land ownership and the transformation of its function for other activities continue to remain a major obstacle for the country ’ s normal development, and raise ongoing concerns relating to the price and use of this important factor of production, and further on, to the normal functioning of product markets and other land - related factors. agriculture is affected by other structural problems that need a long - term solution. averagesize farms continue to be relatively small, thus restricting the development and growth of average productivity, or differently