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

March 26, 2007

Preview Citation

Format: Chicago

Bulgaria: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria, (USA: International Monetary Fund, 2007) accessed December 22, 2024

Summary

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Bulgaria. Performance in 2006 was broadly satisfactory, although structural reform implementation was weaker than expected. Notably, the government postponed until mid-2007 the launching of the electronic business registry, a key business climate measure. The financial system remains well capitalized and profitable with the modest nonperforming loans. The authorities and IMF staff agreed that the credit restraints should lapse and that Basel II should be implemented cautiously.

Subject: Balance of payments, Current account deficits, Exports, External debt, Fiscal policy, Fiscal stance, International trade, Public debt

Keywords: Aggregate wage bill, Central government arrears, CR, Current account deficits, Data, Europe, Exports, Final data, Fiscal stance, Government, ISCR, Saving-investment imbalance, Staff appraisal, Surplus

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/127
Stock No:

1BGREA2007001
ISBN:

9781451804560
ISSN:

1934-7685

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