Bulgaria: Staff Report for the 2000 Article IV Consultation and Fifth Review Under the Extended Arrangement

April 3, 2001

Preview Citation

Format: Chicago

Bulgaria: Staff Report for the 2000 Article IV Consultation and Fifth Review Under the Extended Arrangement, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

Bulgaria’s currency board arrangement continues to have broad political and public support and shows no signs of strain, as interest rates are low and stable, fiscal reserves ample, and banks liquid. A structural reform agenda has also been implemented. The authorities have improved banking supervision, started the overhaul of the pension and health care systems, and liberalized trade and prices. Executive Directors stressed the need to strengthen the bank supervision and corporate governance to reduce the perceived risks of lending to the private sector.

Subject: Banking, Economic sectors, External debt, Fiscal policy, Labor, Privatization, Public debt, Wages

Keywords: Bulgaria review, CR, Equivalent of SDR, Global, Incomes policy, ISCR, Policy development, Privatization, Prudent fiscal policy, Staff appraisal, State enterprise, Wages

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/053
Stock No:

1BGREA0012001
ISBN:

9781451804355
ISSN:

1934-7685

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