Bulgaria: Request for Stand-By Arrangement

March 11, 2002

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Bulgaria: Request for Stand-By Arrangement, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This paper evaluates Bulgaria’s Request for Stand-By Arrangement (SBA). Macroeconomic developments remain broadly favorable, although a rise in the external current account deficit is a concern. Real GDP growth is estimated to have moderated to about 4½ percent in 2001. The authorities have requested a two-year SBA in the amount of SDR 240 million, or 37 percent of quota. The requested SBA would be centered on the currency-board arrangement, a continuation of prudent fiscal and incomes policies, and an acceleration of privatization and other structural reforms.

Subject: Expenditure, External debt, Fiscal policy, Labor, Public debt, Wages

Keywords: CR, Deposits in the banking system, Eastern Europe, Euro-denominated deposit, Europe, Growth, ISCR, Private sector credit growth, Roll-over risk, Staff's expectation, Wages, Western Europe

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/049
Stock No:

1BGREA0012002
ISBN:

9781451804362
ISSN:

1934-7685

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