The 2019 Financial Soundness Indicators Compilation Guide (2019 Guide) includes new indicators to expand the coverage of the financial sector, including other financial intermediaries, money market funds, insurance corporations, pension funds, nonfinancial corporations, and households. In all, the 2019 Guide recommends the compilation of 50 FSIs—13 of them new. Additions such as new capital, liquidity and asset quality metrics, and concentration and distribution measures will serve to enhance the forward-looking aspect of FSIs and contribute to increase policy focus on stability of the financial system.
This paper discusses Albania’s Ninth and Tenth Reviews under the Extended Arrangement and Proposal for Post-Program Monitoring. All performance criteria were met, although of the three indicative targets were missed by a narrow margin. Eleven structural benchmarks were also implemented. Over the past three years, the authorities have met most quantitative targets and have made good progress in implementing the structural reform agenda under the program, albeit with some delays. The IMF staff supports the completion of the Ninth and Tenth Reviews under the Extended Arrangement.