Governor of the Bank of Albania, Gent Sejko, is attending the meeting of the Club of Governors of Central Asia, the Black Sea and the Balkans, a meeting that began on 2 April and will end on April 4, bringing together the central banks of the 24 leaders of the Club members.
Discussions were based on the different challenges faced by today central banks in meeting their objective of maintaining price stability and financial stability, as well as the identification of mechanisms of macroeconomic policies, financial and appropriate economic structures to increase resistance to various shocks.
Governor of the Bank of Albania, Gent Sejko during the meeting made a presentation to the participants on the topic “Mix optimal policies in the current environment: lessons learned from measures implemented during the crisis.”
Governor Sejko brought to the attention of the participants that the Western Balkan countries despite being on the periphery of the global crisis, felt its effects, in forms such as curbing economic activity, often accompanied by a series of structural problems. Further, the Governor said that although existed debate on the adequacy and effectiveness of the instruments used by central banks to cope with the crisis, these instruments were able to avoid further consequences and gradually create conditions for the return of trend growth.
The Governor stressed that as a typical Western Balkan country, Albania is at a similar stage of development with other countries in the region and that the economy is already in a positive trend where economic growth is expected to come in progressive improvement.
In conclusion, Governor Sejko underlined that the Bank of Albania through the exercise of its role in the economy, both as a promoter and regulator has given the necessary contribution to a sustainable economic growth and ensuring macroeconomic stability.