Paper Title
Investment Funds Impact In The Government Of Albania (Goa) Domestic Debt Financing

Abstract
This article examines the impact that investment funds have had in overall picture of the Government of Albania (GoA) sovereign debt issuance in the domestic market. The article focuses on how the participation of the investment funds in the primary auctions has affected the primary market demand for sovereign securities; the bid-cover ratio of the auctions; the cost of the government debt and the duration of the government�s debt portfolio.The article briefly explains the current stage of development of the capital markets in Albania and the challenges the investment funds face in the context of the general challenges faced by the financial sector, and how they contribute to the exacerbation of the government�s challenges in its attempts to meet its financing needs. Of all the recent developments in the Albanian financial market, the article highlights those that are more relevant to the discussion of government debt holdings by the domestic investors. Keywords- Investment Funds, Sovereign Debt, Yields, Auctions, Weighted Average Maturity, Debt Service Cost, Bid/Cover Ratio.