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

Author/Editor:

International Monetary Fund

Publication Date:

February 24, 2003

Electronic Access:

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Summary:

This paper examines Bulgaria’s Second Review Under the Stand-By Arrangement (SBA) and a Request for Waiver of Applicability of Performance Criteria. Over the last six-month period, Bulgaria’s macroeconomic stability has strengthened further. However, political pressures have made it more challenging to maintain a prudent and flexible fiscal policy and have weakened the momentum of structural reforms. Bulgaria has had a commendable performance in 2002, and the IMF staff supports the authorities’ request to complete the second program review under the SBA.

Series:

Country Report No. 03/32

Subject:

English

Publication Date:

February 24, 2003

ISBN/ISSN:

9781451804379/1934-7685

Stock No:

1BGREA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

76

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