luljeta minxhozi : the importance of educating young people in global money week address by ms luljeta minxhozi, first deputy governor of the bank of albania, to the opening ceremony of the global money week in albania, tirana, 25 march 2019. * * * dear deputy minister of education, youth and sports, dear chairman of the albanian association of banks, dear students and teachers, dear old and new friends of the bank of albania, on this first day of the global money week, i wish you a warm welcome to the central building of the bank of albania and thank you for participating and engaging in our activities. this is the 12th year the bank of albania engages, like many other central banks across the world, in financial education efforts for the public in general, with a particular focus on the young generation. this marks also the sixth year of bank of albania ’ s engagement as the organiser of the money week. this has become an annual meeting place for all stakeholders having an interest in this beautiful and important, at the same time complicated and challenging field. like many other central banks, the bank of albania has assumed a proactive role in enhancing financial literacy. this commitment is fully in line with the spirit of transparency toward the public and raising its awareness on economic and financial issues, which have an impact on the day - to - day living for each and every one of us. over these 12 years, with support from the ministry of education, youth and sports and the albanian association of banks, numerous educational activities and projects have been designed and implemented. they have been tailored to target different age groups, and consist of a variety of activities such as training for teachers and journalists, brochures for the general public, dedicated programmes for high schools, such as the “ personal finance in your hands ”, the educational package for the elementary schools and the albanian money app. the museum of the bank of albania reflects perfectly our efforts for enhancing knowledge about money. the multifunctional museum provides visitors with a platform that helps them to learn about the monetary history in albania, as well as the functions and importance of the central bank, and to become more financially literate. the money week is a global celebration campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship, hence becoming responsible and financially capable citizens in the future. starting today, the money week will be celebrated in 169 countries across the world, until 31 march 2019

ardian fullani : economic and monetary developments in albania in 2010 speech by mr ardian fullani, governor of the bank of albania, at the parliament presenting the annual report of the bank of albania, tirana, 9 june 2011. * * * dear madam speaker, dear members of parliament, it is a pleasure for me to be here today to present the bank of albania ’ s opinion on economic and monetary developments of the past year. pursuant to legal requirements and our institutional commitments to enhancing the central bank ’ s transparency and responsibility, in this presentation i will share with you the main highlights on bank of albania ’ s activity over 2010. this activity, in its entire spectrum, aimed to fulfil our mission and legal obligations, and reflect the parliament ’ s recommendations for 2010. let me begin my presentation with a brief overview of our conclusions. during 2010, the albanian economy experienced an overall positive performance. the economic activity posted growth, while the macroeconomic stability and financial health indicators improved. economic growth reflected mainly the foreign demand for albanian products and services, affirming, above all, the dynamism of our private sector. it was also supported by a sustained macroeconomic environment, with downward risk premia and improved liquidity indicators. in particular, reflecting developments in the financial and real sector of the economy, as well as our monetary policy, consumer price inflation remained in line with our 2010 target. also, during this year : the economy ’ s external position improved ; the ratio of budget deficit and public debt to gdp dropped ; financial stability consolidated ; financial intermediation expanded further ; and interest rates and risk premiums in financial markets decreased. on the other hand, 2010 ’ s developments underlined the need to continue and intensify structural reforms, which are pre - requisites for a sustainable and long - term economic growth. first, the new agenda of structural reforms should aim at establishing the requisites for a more balanced and sustainable growth in the long run. greater orientation of albania ’ s economy to export and overall higher competitiveness of our products in international and domestic markets dictate the need for continued structural reforms at macro - and microeconomic levels. second, macroeconomic stability consolidation requires more work in the future. the greatest lesson that the recent global financial crisis taught us is that prevention is better than cure. maintaining the country ’ s internal and external balances requires further development of decision - making architecture and macroeconomic coordination, as well as economy and market supervisory