Washington, DC, Mar. 10 (UPI) -- Albania needs to boost exports to bolster its economy, the International Monetary Fund said Thursday.
In its annual assessment of the Albanian economy, the IMF said while the country has enjoyed a "good macroeconomic performance in recent years," the country has yet to broaden its export base and remains highly dependent on remittances from emigrants.
Moreover, the agency said that while the number of people "living in absolute poverty has declined, poverty remains a key challenge."
But the IMF remained upbeat about the country's growth prospects for this year, assuming the government continues to provide a stable investment climate and beefs up property rights protection as well as law enforcement.
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