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Shkruar nga Pamfleti
The Governor of the Bank of Albania, Gent Sejko, opened today the scientific conference organized on the occasion of the 100th anniversary of the establishment of the Central Bank.
This event will be attended by academics, economists and experts from Albania and abroad, who will share their analyses and visions on the challenges of the modern economy and the future of the Albanian banking system.
Governor Sejko assessed that the Albanian economy today faces three main challenges, which require prudent policies and adaptation to new global realities.
Sejko said that the first challenge is related to increasing geopolitical tensions in the international arena, which have brought about a "new economic reality" with higher trade barriers and more limited capital movements.
He stated that the risks arising from these challenges are outweighed both in quality and quantity by the opportunities offered by the EU accession process.
" The first challenge is the increase in geopolitical tensions in the foreign environment. Rising trade barriers are a new economic reality.
The second challenge is rapid financial innovation. Over the past decade, we have witnessed a rapid financial revolution that has the potential to transform this industry. The digitization of the payment system and the use of technology have their own benefits and risks.
The third challenge has to do with Albania's stage of development itself. As a middle-income country, Albania is exposed to stronger competition for capital and labor in the European market. Albania needs to base its development model more on increasing productivity and its comparative advantages. This last challenge becomes even more complex in the presence of unfavorable democratic trends that place a high premium on qualified labor. The risks arising from these challenges are outweighed both in quality and quantity by the opportunities offered by the EU accession process," said Sejko.
After giving a long speech, Sejko also presented a new coin, produced on the occasion of the 100th anniversary.
Afterwards, Prime Minister Edi Rama was also there to deliver his speech at the conference.
During his speech, Rama praised the Bank of Albania as one of the most consolidated and reliable institutions of the Albanian state. He stated that this is an institution that represents us as a model of what the country's independent institutions should be.
"I thought that the BoA is, if not the only one among the very few institutions of our Republic that can be called such with full lips, an institution. In that sense and with those standards that we have in mind when we talk about the institutions that a country needs and that make this country meet the criteria of being a country in the developed world and the EU table. It is not easy to say the same thing about other institutions that are in the process of formation.
It would be useful if the history of the development and efforts of the BoA to shape and consolidate itself as an institution were undertaken and written to give others an overview of how such an institution was established, which today is an integrated institution in the world we live in. Simple proof of this fact were the two addresses made by two personalities representing the developed world where the BoA operates.
The seed planted in 1913 led to the birth of the BoA and although history with the BoA has not been generous like with all other institutions, I repeat that for reasons that should be studied, this is an institution that represents us as a model of what the country's independent institutions should be," said Rama.
Themrra e akilit paterica edi rames ktu fshihet pastrimi larja dhe shplarja edi rames