FIAA cooperates with the World Bank Group

FIAA cooperates with the World Bank Group

March 2, 2018
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The World Bank Group (WBG) is supporting the Berlin Process and the Trieste Declaration of the WB6 and the EU in the establishment of a regional mechanism to coordinate policies with the goal of increasing investment flows as well as firm level investment leads and commitments within the six Western Balkan economies (WB6) (Albania, Bosnia and Herzegovina, Kosovo, Macedonia (FYROM), Montenegro, Serbia). The six economies have undertaken to identify and eliminate the main obstacles derived from regulations, measures or governmental actions that prevent or hinder the expansion of foreign direct investment within the region.

The private sector is key to this process and FIAA being the representation body of the most reputable foreign businesses and private sector in Albania has been selected as Albanian partner of WBG in this Project.

During their visit in Albania the experts of WBG held various consultations with FIAA Members and conducted face to face Interviews to better understand their perspective and experiences with specific aspects of investment-related legislation as well as its implementation, especially if they serve as important factors in investment decisions in the region. The focus was to identify barriers to the creation of a regional investment space derived from specific government actions and measures resulting from regulations (laws, decrees, and regulations), administrative practices, interpretations and government policies that hinder the expansion of investments.

The WBG is processing the final analyses and conclusions for the Report that will be officially launched during April 2018.