Bulgaria: 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria

December 13, 2012

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Bulgaria: 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria, (USA: International Monetary Fund, 2012) accessed December 24, 2024

Summary

Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt. This attests to the strength of the policy framework and policy implementation. The fiscal adjustment achieved so far should be preserved, but improving the composition of the budget would support growth. The financial system is stable with high buffers, but the low growth environment poses challenges. Executive Directors suggest the need for some structural reforms.

Subject: Balance of payments, Banking, Financial institutions, Fiscal policy, Foreign direct investment, Income, Labor, National accounts, Nonperforming loans, Wages

Keywords: Asia and Pacific, Authority, Baltics, Bulgaria, CR, Deficit procedure, EU funds absorption, Europe, Flash GDP estimate, Foreign direct investment, Global, Growth prospect, HICP inflation, Income, ISCR, Nonperforming loans, Wages

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/328
Stock No:

1BGREA2012001
ISBN:

9781475544985
ISSN:

1934-7685

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