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Albania - Agriculture Sector Adjustment Credit Project (English)

The outcome of the project was satisfactory, and significant policy reforms were achieved, likely to be sustained and extended. The role of the public sector was significantly redesigned, to ensure food security, enhancing production, storage, and transportation of agricultural products. Although privatization of agricultural processing and marketing enterprises was largely met, little change occurred regarding enterprise restructuring. Policy reforms contributed to positive agricultural output and exports, substantially improving livestock production. The key lessons suggest that: 1) the likelihood for successful adjustment operations, lies within the political will and consensus to favor reforms; 2) an important element in project design, particularly that of adjustment operations, lies within the economic and sector work framework, which provides the conceptual basis for a sustained sector policy over an extended period; 3) technical assistance, critical to facilitate policy reform, is not easily provided within a conventional operation; however, the complexity of agricultural credit operations is best handled on a stand-alone basis; 4) sector adjustment operations create an adequate environment for parallel investment operations, favored by its progressive policies; and, 5) rural credit provision is best handled through sound commercial banking practices.


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    Implementation Completion and Results Report

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  • Region

    Europe and Central Asia,

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  • Doc Name

    Albania - Agriculture Sector Adjustment Credit Project

  • Keywords

    total agricultural production;financial sector adjustment;small and medium enterprise;maintenance of water;development of land policy;privatization of state;state farm;credit farmer;liquidation of asset;Rural Credit;land market;Natural Resource Management;land tenure legislation;assessment of outcome;distribution of ownership;sale of asset;technical assistance program;assets of state;foreign assistance program;rural area;agricultural sector;agricultural land;share of labor;lines of credit;point of entry;agriculture and forestry;Foreign Exchange Reserve;decline in agriculture;international development agency;financial sector reform;implementation of reform;emergency food aid;open trade regime;food aid delivery;sale of land;share of state;average exchange rate;Technical Assistance Fund;world market price;bilateral foreign assistance;foreign exchange expenditures;rural credit institution;number of shareholders;social and institutional;production of wheat;commercial banking;fiscal deficit;investment operation;rural entrepreneur;agricultural output;borrower performance;Land Ownership;market enterprise;investment component;pyramid scheme;land policies;tranche release;agricultural bank;cooperative farm;land plot;Land Registration;cooperative land;civil unrest;wheat price;personnel selection;Macroeconomic Stability;market economy;macroeconomic performance;agricultural price;incentive structure;productivity increase;transition economy;conceptual basis;agricultural enterprise;macroeconomic progress;government interference;sector analysis;radical change;input price;physical infrastructure;statistical table;sectoral reform;transfer asset;arable land;market rate;agribusiness enterprise;household budget;currency appreciation;land consolidation;albanian lek;incentive framework;social disorder;increased accountability;institutional memory;Transition economies;reform process;political group;budget deficit;stabilization measure;expenditure cut;monetary target;small parcel;external trade;agricultural process;Irrigation Rehabilitation;private owner;bank official;borrower's performance;farm size;soil quality;significant factor;study including;soft drink;agriculture production;grant funding;civil crisis;flour production;urban agricultural policy;macroeconomic framework;Political Economy;transition period;social security;institutional demand;agricultural import;physical implementation;land survey;rural life;state control;environmental legislation;Bankruptcy Law;public protection;state budget;development policy;private property;real gdp;management expertise;working capital;marketing companies;inflation rate;agricultural processor;Rural Industry;trade framework;commodity import;production decision;Civil War;food assistance;agricultural economist;aide memoire;efficient operation;grant basis;export earnings;complete distribution;budgetary pressure;collective farm;land title;net exporter;farm product;commercial practice;political debate;physical distribution;financial enterprises;distribution channel;democratic election;grain market;private operator;remote area;Cash Transfer;corporate governance;economic reform;production cooperative;public order;agriculture sector;civil disorder;external aid;central planning;state enterprises;high inflation;budgetary deficit;macroeconomic deterioration;clear title;expenditure amount;enterprise management;institutional factor;marketing skills;agricultural growth;finance objective;gender issue;social objective;current investment;environmental objective;agricultural cooperative;individual farmer;smallholder sector;domestic production;rural family;macroeconomic situation;intellectual framework;farm land;cooperative funds;private activity;food basket;political figure;enabling environment;private individuals;delay in progress;



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Albania - Agriculture Sector Adjustment Credit Project (English). Washington, D.C. : World Bank Group.