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Albania Blue Economy Development Project - P176163
Details
Project End Date:2030-03-29
Location:Albania
Category:Unspecified/other
Status:Approval
Sectors:Environment & Climate, Macro-Economy & Public Finance
Languages:English
Contracting authority: Ministry of Tourism and Environment (Albania)
Associated tenders • 3
Description
Albania Blue Economy Development Project - P176163
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EC
Status:
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By Sectors
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Funding agency:
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tender Background
About the Funding Agency
The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
About the Sectors
Environment & Climate
Focuses on protecting natural ecosystems, promoting sustainable resource management, enhancing climate resilience, and mitigating the impacts of climate change through conservation, adaptation, and low-carbon initiatives.
Key areas:
- Environmental protection and conservation
- Natural resource and ecosystem management
- Climate change and environmental resilience
Macro-Economy & Public Finance
Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.
Key areas:
- Macroeconomic analysis and policy support
- Public finance management (PFM)
- Government budgeting, taxation, and debt management
- Economic growth and development strategies
Locations
Albania
Albania focuses on road modernization, rail upgrades, port expansion, and energy infrastructure to improve regional integration and support economic growth. EU cohesion and pre-accession funds are a major source of infrastructure financing. Investments aim to strengthen trade links with neighboring countries and enhance tourism accessibility. Governance reforms, fiscal capacity, and project implementation efficiency remain critical challenges.
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