“We are all aware that having reliable, adequate, and timely data is a key element for decision making.”
This was declared today by the governor of the Bank of Albania, Gent Sejko during the Statistical Regional Seminar hosted by the Bank of Albania and the European Central Bank.
Ten years on, after the latest financial crisis, the fundamentals of the global economy, the architecture of the global financial system and the decision-making process are set on a constant restructuring process. The statistical function faces similar challenges. While the economies, markets and institutions develop, pressures mount on statistics to “follow the trend and pace” of such development. The emergence of the so-called “information gap” is inevitable in a fast-changing world, but our duty as statistical agencies is to increase speed up efforts to close this gap as soon as possible”, the head of the Albanian central bank said. /ibna/