To whom does Albania owe? Italy and Germany top the list of lending countries
During the third quarter of this year, the level of external debt in our country has reached the figure of 616 billion ALL or about 92 billion more than the year we left behind. According to the data of the Ministry of Finance and Economy, there is a significant increase in external debt, as last year, Albania had reduced the level of borrowing by ALL 4.5 billion.
Albania’s external debt is divided into “Multilateral Debt”, which refers to the main lending institutions and occupies the largest share of the loan received from our country. Then, in terms of ranking comes “Private Debt” and “Bilateral Debt”, which is mainly lending by partner countries.
The value of the debt that Albania has to lending institutions reaches the figure of ALL 316 billion, until the third quarter of 2020. The highest level of debt, up to the period mentioned above, our country owes to the International Bank for Reconstruction and Development (IBRD). In concrete figures, the debt to this institution is about 27% of the total external debt, or about 84 billion ALL. Other major lending institutions are: IDA, IMF, Islamic Development Bank and EBRD.
The total loan received from partner countries during 2020 has reached the figure of ALL 91 billion. The largest lenders are: Italy and Germany, which account for 64% of the total loan or about ALL 58 billion in total.
SCAN INTELLIGENCE UNIT
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