Bank of Albania Governor Gent Sejko outlined the central bank’s priorities for preserving policy credibility and advancing alignment with European Union standards during a panel at a Central Bank of Montenegro conference. He argued that a strong institutional framework, consistent policies and clear public communication are essential for anchoring expectations, maintaining trust and supporting macroeconomic stability amid repeated shocks. Sejko highlighted Albania’s inflation targeting framework and flexible exchange rate regime, alongside reforms to strengthen financial resilience, improve lending conditions and modernize payment infrastructure. EU alignment priorities include harmonizing central bank legislation with the European System of Central Banks framework, bringing supervision and regulation into line with Basel III and EU practices, and integrating further with European financial infrastructure. Following Albania’s accession to the Single Euro Payments Area, the TIPS Clone instant payments platform is expected to be implemented by the end of 2026, reducing transaction time and costs for individuals and businesses.
2026-09-05Bank of Albania
Bank of Albania governor outlines credibility and EU alignment priorities, expects TIPS Clone by year-end
Bank of Albania Governor Gent Sejko emphasized central bank credibility, consistent policy and clear communication as foundations for monetary and macroeconomic stability. He identified EU legal and supervisory alignment and financial infrastructure modernization as priorities, with the TIPS Clone instant payments platform expected by the end of 2026.