Bulgaria: Recent Economic Developments and Statistical Appendix

April 21, 1999

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Bulgaria: Recent Economic Developments and Statistical Appendix, (USA: International Monetary Fund, 1999) accessed December 21, 2024

Summary

This paper reviews economic developments in Bulgaria during 1990–97. Bulgaria’s macroeconomic performance during 1990–97 was weaker than in most transition countries in the region. With economic activity declining significantly during most years, the cumulative fall in real output over this period amounted to 37 percent. Although Bulgaria’s difficult initial conditions and adverse external shocks played a role, the weak performance mainly reflected the stop-and-go nature of stabilization policies and the slow pace of structural reform.

Subject: Banking, Commercial banks, Economic sectors, Exports, Financial institutions, Foreign exchange, International trade, Privatization, Public debt

Keywords: Banking system, Commercial banks, CR, Debt service, Eastern Europe, Economic activity, Economic crisis, Exchange rate, Exports, Financial crisis, Foreign currency, Incomes policy, ISCR, Privatization, State enterprise, U.S. dollar, Western Europe

Publication Details

Pages:

182
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/026
Stock No:

1BGREA0011999
ISBN:

9781451804331
ISSN:

1934-7685

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