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

Author/Editor:

International Monetary Fund

Publication Date:

May 24, 2005

Electronic Access:

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Summary:

Bulgaria’s First Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria are discussed. With macroeconomic conditions expected to remain favorable, competitiveness at an adequate level, and a lower current account deficit, concerns about external vulnerability have lessened somewhat. Nonetheless, policies must remain prudent, and the program for 2005 envisages some fiscal easing, a slowdown in credit expansion, and reinvigorated structural reforms. The authorities have agreed to tighten the fiscal stance at the time of the second review if external current account developments are weaker than expected.

Series:

Country Report No. 05/169

Subject:

English

Publication Date:

May 24, 2005

ISBN/ISSN:

9781451804515/1934-7685

Stock No:

1BGREA2005001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

92

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