Bulgaria: Third Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria

July 14, 2003

Preview Citation

Format: Chicago

Bulgaria: Third Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Bulgaria's macroeconomic performance, in the face of the prolonged slowdown in the EU, has been impressive, but further efforts are required. The government's fiscal policy has underpinned recent economic success, and pressures to loosen such policies should be resisted. Fiscal reforms have progressed, but momentum needs to be maintained for some time to come. Robust growth can be sustained over the medium term only with a revitalization of structural reforms. The rapid growth in credit to the private sector is welcome, but presents challenges.

Subject: Balance of payments, Current account, Current account deficits, External debt, Imports, International trade, Public debt

Keywords: CR, Current account, Current account deficits, Imports, Increase labor market flexibility, ISCR, Private sector growth, Privatization program, Program implementation, Stand-By Arrangement from the IMF

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/206
Stock No:

1BGREA0022003
ISBN:

9781451804423
ISSN:

1934-7685

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