Bulgaria: Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria and for Postponement of Third Review
April 6, 2006
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
The staff report for the Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria highlights Bulgaria’s economic growth, fiscal policy, and reforms. The economic program for 2006 relies on fiscal and credit restraint to rein in demand and strengthen the balance sheets of government and banks, and on structural reforms to stimulate supply. Quarterly credit growth limits and higher penalties for exceeding them are expected to help ensure achievement of this target. Measures to slow down household credit should additionally contribute to current account adjustment.
Subject: Balance of payments, Current account, Current account deficits, Exports, External debt, International trade, Public debt
Keywords: accession treaty, Baltics, CR, Current account, Current account deficits, deficit, executive board discussion, Exports, FDI coverage, Global, ISCR, net FDI outflow, nonbank supervision, program
Pages:
100
Volume:
2006
DOI:
Issue:
131
Series:
Country Report No. 2006/131
Stock No:
1BGREA2006001
ISBN:
9781451804539
ISSN:
1934-7685
