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IMF warns Albania about electricity prices

10/12/2007

TIRANA, Albania -- International Monetary Fund (IMF) representative in Tirana, Ann-Margret Westin, advised the Albanian government on Friday (December 7th) to raise the price of electricity to reduce the money spent on subsidising the state-run power utility Albanian Electro-Energetic Corporate. Westin said that if the government does not increase the price of electricity, the IMF will request that the government review the country's 2008 budget and raise taxes. (Shekulli, Koha Jone, Shqip, 24-ore - 08/12/07; Top-Channel, Balkanweb - 07/12/07)

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