BoA to Build an Internal Framework for AI
By ai_poster · 7/8/2026, 6:10:55 PM
The Bank of Albania aims to build an internal framework for artificial intelligence, in line with European Union standards, ensuring a responsible, transparent, and secure use of this technology. Deputy Governor Olta Zaçaj stressed that this technology represents an important opportunity for increasing efficiency, improving data analysis, and strengthening supervisory processes. Zaçaj made this statement at the Constituency Meeting of the International Monetary Fund and the World Bank Group, held in Lisbon, Portugal. The meeting brought together central bank governors, finance ministers, and senior representatives to discuss global economic developments, challenges, and future priorities. Discussions focused on geopolitical tensions, inflation, economic growth, financial stability, artificial intelligence, and its impact on the labor market and productivity. Zaçaj presented the latest economic developments in Albania, underlining that the Albanian economy has continued to demonstrate resilience, with solid economic growth supported by domestic demand, tourism, and credit expansion, while inflation continues to fluctuate close to the Bank of Albania’s target. She emphasized the role of the Bank of Albania in maintaining price and financial stability and noted that the banking sector is characterized by high capitalization, sufficient liquidity, and historically low levels of non-performing loans.
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