Case Study
Alleviating Funding Pressures and Debt Roll-over Risks in Albania
June 28, 2024
The 2008 global financial crisis and the subsequent Eurozone crisis considerably slowed the growth and poverty reduction momentum in Albania. Government financing needs in 2015 were very high. A EUR200 million World Bank Guarantee alleviated funding pressure and debt roll-over risk in Albania in a volatile global financial market setting by raising required financing from the private sector at attractive levels.
The 2008 global financial crisis and the subsequent Eurozone crisis considerably slowed the growth and poverty reduction momentum in Albania. Government financing needs in 2015 were very high. A EUR200 million World Bank Guarantee alleviated funding pressure and debt roll-over risk in Albania in a volatile global financial market setting by raising required financing from the private sector at attractive levels.