Human Rights Measure

This program consists of “Both monetary and fiscal measures . . . to give support to the Vulnerable and the Private Sector.” Regarding monetary measures: “the Supervisory Council of the Bank of Albania decided to ease monetary policy to mitigate the impact of the COVID-19 pandemic by reducing interest rates.” With respect to fiscal measures, “support packages have been adopted for individuals and businesses affected by the COVID-19 pandemic with a combined value of ALL 45 billion.” These measures include, among others: “additional funding for the health sector,” “support of small businesses /self-employed that were forced to shut down activities,” and reallocation of funds “toward humanitarian relief for the most vulnerable.” Further, the program “includes 18 structural reforms” which include “energy market liberalisation, diversification of energy sources, transport, broadband connectivity, land consolidation, businesses environment, education and VET, employment and labour market, and social inclusion.”