To support the growth strategy of Albania, to improve employment rates and the general well-being of its society, the Government of Albania (GOA) has been working since fall 2017 to develop a mechanism that could ensure timely preparation of needed investment projects and their financing under adequate conditions.
After a thorough due diligence process during 2018, and careful evaluation of different options, the GOA has opted for the creation of a new institution, the Albanian Investment Corporation (AIC), as a new capability to transform development ideas and initiatives into bankable projects that can elicit the interest of high-quality private investors.
In this video, CID Director Ricardo Hausmann explains the need for the AIC, how it will coordinate functions with ministries and public sector agencies, the mechanisms to mitigate risks regarding its governance and mission, and more.
