Therefore, it is necessary the society itself and international institutions support the establishment and strengthening of internal anchors. Which would be an efficient internal anchor? I think that the best internal anchor is a technician who thinks independently, proud of what he does, conscious for the results and the consequences of the proper actions. In other words, this implies the establishment of professional capacities as one of the cornerstones of long-term successful polices. The scientific education and research in this direction have an important and inalienable role. All the issues mentioned so far, as:   The new strategic model of economic growth;    The effective, efficient and consistent monetary policies with the economic growth;    The necessity for coordinated structural reforms in the region;    The challenges to European integration;    The common political economy of the region in the future;    The importance of internal anchors and the study and research of external ones, and;    The need for establishing capacities;  are included in the research work’s agenda of the Bank of Albania. It is a great pleasure that we already have the possibility to cooperate with a remarkable partner as Oxford University, a distinguished institution for the high-level research in political and economic sciences. For this collaboration, I hope and I believe that many issues I discussed above would have an answer, partial or a complete one.
Given a small-sized and open economy, the increase and stability of exports is of outmost importance. Therefore, the research work, the reforms and the strategic decisions should be adopted in line with this target. In this respect, the role of banking systems acquires a particular importance, which should carefully identify the primary and profitable sectors and should provide their ongoing financing. Banking credit has been and remains one of the main instruments which shall provide the sustainable performance of the economic and financial activity at home. For this strategy to be successful, it must include as one of its substantial constituents the philosophy and priorities of the Western Balkan regional development. This need does not only derive upon the competition requirements and the achieving of the economy of scale, but also upon our common target for the European integration. During the recent years, I have continuously highlighted that the key of the successful integration in the European Union is the regional cooperation. There are many reasons backing the conclusion that our models of growth must be seen as complementary and not competitive to each-other. It is indispensable that the complete process of structural reforms takes place quickly and in a coordinated way, which precedes the membership to the European Union. Only in this way the whole region will converge naturally, avoiding episodes of misbalances within the bosom of the European family upon the membership. This will be a real contribution to the long-term sustainability of the European developments.