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January 24, 2014
November 30, 2012
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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 1.4 2.0
Consumer Prices -1.2 0.7
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Bulgaria: Financial Position in the Fund

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Bulgaria and the IMF
Updated October 11, 2014

Show all items sorted by date | Annual Meetings Speeches (2) | Article IV Staff Reports (10) | Finance & Development (2) | IMF Surveys (2) | IMFC Statements (8) | Interim Committee Statements (1) | Joint Meeting of the IMFC and the Development Committee (1) | Letters of Intent (17) | Mission Concluding Statements (10) | News Briefs (5) | Press Releases (31) | Public Information Notices (12) | Publications (52) | Reports on the Observance of Standards and Codes (10) | Speeches (3) | Transcripts (2) | Views & Commentaries (1) | Financial Sector Assessment Program (2) | Other (1) 
Annual Meetings Speeches
October 04, 2004 -- Statement by the Hon. Milen Veltchev, Governor of the World Bank for Bulgaria, at the Joint Annual Discussion
PDF File Size: 108Kb
September 29, 2002 -- Statement by the Hon. Milen Velchev, Governor of the World Bank for Bulgaria, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
PDF File Size: 137Kb
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Article IV Staff Reports
January 30, 2014 -- Bulgaria: Staff Report for the 2013 Article IV Consultation
Series: Country Report No. 14/23
December 13, 2012 -- Bulgaria: 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 12/328
July 15, 2011 -- Bulgaria: 2011 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 11/179
June 02, 2010 -- Bulgaria: 2010 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 10/160
March 16, 2009 -- Bulgaria: 2008 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 09/96
December 19, 2007 -- Bulgaria: 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 07/389
August 08, 2006 -- Bulgaria: 2006 Article IV Consultation, Third Review Under the Stand-By Arrangement, and Request for Rephasing, Waiver of Applicability and Nonobservance of Performance Criteria and Extension of the Arrangement - Staff Report; Staff Statement; and Public Information Notice and Press Release on the Executive Board Discussion
Series: Country Report No. 06/298
June 28, 2004 -- Bulgaria: 2004 Article IV Consultation and Ex Post Assessment of Longer Term Program Engagement--Staff Reports; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 04/176
August 07, 2002 -- Bulgaria: 2002 Article IV Consultation and First Review Under the Stand-By Arrangement and Request for Waiver of Non-observance and Waiver of Applicability--Staff Report; Staff Statement; Public Information Notice; and News Brief on the Executive Board Discussion
Series: Country Report No. 02/174
April 03, 2001 -- Bulgaria: 2000 Article IV Consultation and Fifth Review Under the Extended Arrangement--Staff Report; Staff Statement; Public Information Notice and News Brief on the Executive Board Discussion; and Statement by the Authorities of Bulgaria
Series: Country Report No. 01/53
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Finance & Development
June 01, 2007 -- Country Focus - Bulgaria - Finance & Development, June 2007
Having joined the European Union (EU) in January 2007, Bulgaria is off to a promising start in its marathon to catch up with the living standards of its new European partners. But the challenge ahead will be to improve productivity.
September 09, 1999 -- Finance & Development, September 1999 - The Role of the Currency Board in Bulgaria's Stabilization
By Anne-Marie Gulde: Bulgaria's latest stabilization program, which included the introduction of a currency board, marked the end of a period of economic turmoil and near-hyperinflation. What accounts for its success?
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IMF Surveys
April 11, 2007 -- IMF Survey:
Spring Meetings preview, world outlook, global financial stability, U.S. subprime mortgages, labor globalization, external imbalances, IMF and Africa, wage bill ceilings, policy support instrument, modernizing IMF surveillance, India, Bulgaria, PNoWB PDF File Size: 896Kb
May 24, 1999 -- IMF Survey:
Camdessus on monetary system reforms, Asian recovery; development economics conference; Korean financial sector reforms; Bulgaria's currency board; foreign direct investment in Asian developing countries; and BIS on exchange, derivatives market activity. PDF File Size: 1452Kb
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IMFC Statements
October 11, 2014 -- IMFC Statement by Mr. Jeroen Dijsselbloem, Minister of Finance, The Netherlands
On behalf of: Republic of Armenia, Belgium, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Luxembourg, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 403Kb
April 11, 2014 -- IMFC Statement by Jeroen Dijsselbloem, Minister of Finance, The Netherlands
On behalf of: Republic of Armenia, Belgium, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Luxembourg, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 212Kb
October 12, 2013 -- IMFC Statement by Koen Geens, Minister of Finance, Belgium
On behalf of: Republic of Armenia, Belgium, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Luxembourg, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 139Kb
April 20, 2013 -- IMFC Statement by Koen Geens, Minister of Finance, Belgium
On behalf of: Republic of Armenia, Belgium, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Luxembourg, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 164Kb
October 13, 2012 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 361Kb
April 21, 2012 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 607Kb
September 24, 2011 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, Ministry of Finance, The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 264Kb
October 09, 2010 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, Ministry of Finance, Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 305Kb
April 24, 2010 -- IMFC Statement by Maria van der Hoeven Minister of Finance a.i., the Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 306Kb
October 04, 2009 -- IMFC Statement by Wouter Bos, Dutch Ministry of Finance, the Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 295Kb
April 25, 2009 -- IMFC Statement by Nout Wellink, President, Dutch Central Bank, Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 307Kb
October 11, 2008 -- IMFC Statement by Wouter Bos
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 321Kb
April 12, 2008 -- IMFC Statement by Wouter Bos, Minister of Finance, the Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 155Kb
April 14, 2007 -- IMFC Statement by Mr. Nout Wellink, President of the Nederlandsche Bank
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 747Kb
September 17, 2006 -- IMFC Statement by Gerrit Zalm, Minister of Finance of the Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 267Kb
April 22, 2006 -- IMFC Statement by Mr. Nout Wellink, President Nederlandsche Bank, Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 749Kb
September 24, 2005 -- Statement by Mr. Gerrit Zalm, Minister of Finance, Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 60Kb
April 16, 2005 -- IMFC Statement by the Honorable Gerrit Zalm, Minister of Finance of The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 892Kb
September 21, 2003 -- Statement by Gerrit Zalm, Minister of Finance of the Netherlands, International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
On behalf of the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Republic of Macedonia, Moldova, the Netherlands, Romania, and Ukraine.
April 12, 2003 -- IMFC Statement by Nout Wellink on behalf of Hans Hoogervorst, Minister of Finance of the Netherlands, April 12, 2003
The International Monetary and Financial Committee statement on behalf of the the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine
September 28, 2002 -- Statement by Hans Hoogervorst, Minister of Finance of the Netherlands, IMFC Meeting, Washington, D.C., September 28, 2002
The International Monetary and Financial Committee statement on behalf of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Former Yugoslav Republic of Macedonia, Moldova, the Netherlands, Romania, and Ukraine
April 20, 2002 -- Statement by Governor Nout Wellink, on behalf of Gerrit Zalm, Minister of Finance of the Netherlands, at the International Monetary and Financial Committee, Washington, D.C., April 20, 2002
The International Monetary and Financial Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Republic of Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, Kingdom of the Netherlands-Netherlands, Romania, and Ukraine
November 17, 2001 -- Statement by Mr. Gerrit Zalm, Minister of Finance of the Netherlands, at the International Monetary and Financial Committee, Ottawa, Canada, November 17, 2001
The International Monetary and Financial Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Republic of Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, Kingdom of the Netherlands-Netherlands, Romania, and Ukraine
April 29, 2001 -- Statement by Mr. Nout Wellink, President of the Nederlandsche Bank, on behalf of Mr. Gerrit Zalm, Minister of Finance of the Netherlands, to the International Monetary and Financial Committee Meeting April 29, 2001
The International Monetary and Financial Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Republic of Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, Kingdom of the Netherlands-Netherlands, Romania, and Ukraine
September 24, 2000 -- Intervention by Mr. Gerrit Zalm, Minister of Finance of the Netherlands International Monetary and Financial Committee Meeting
The International Monetary and Financial Committee statement on behalf of the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, The Netherlands, Romania, and Ukraine.
April 16, 2000 -- International Monetary and Financial Committee Meeting Intervention by Mr. Nout Wellink, President of De Nederlandsche Bank
The International Monetary and Financial Committee member for the constituency consisting of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine.
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Interim Committee Statements
September 26, 1999 -- Intervention by Mr. Gerrit Zalm, Minister of Finance of the Netherlands - Interim Committee Meeting
The Interim Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, The Netherlands, Romania and Ukraine.
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Joint Meeting of the IMFC and the Development Committee
April 29, 2001 -- Statement Joint Session IMFC / Development Committee Meeting April 29, 2001 by Eveline Herfkens, Minister for Development Co-operation, The Netherlands
This Joint session once again shows our commitment to the fight against poverty.
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Letters of Intent
March 01, 2007 -- Bulgaria -- Letter of Intent, March 01, 2007
PDF File Size: 300Kb
July 17, 2006 -- Bulgaria -- Letter of Intent and Memorandum of Economic and Financial Policies, July 17, 2006
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March 14, 2006 -- Bulgaria -- Letter of Intent and Memorandum of Economic and Financial Policies, March 14, 2006
PDF File Size: 356Kb
April 26, 2005 -- Bulgaria -- Letter of Intent and Memorandum of Economic and Financial Policies, April 26, 2005
PDF File Size: 275Kb
July 21, 2004 -- Bulgaria -- Letter of Intent and Memorandum of Economic and Financial Policies, July 21, 2004
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
January 15, 2004 -- Bulgaria -- Letter of Intent and Supplementary Memorandum of Economic Policies, January 15, 2004
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
June 18, 2003 -- Bulgaria -- Letter of Intent and Supplementary Memorandum of Economic and Financial Policies, June 18, 2003
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
January 22, 2003 -- Bulgaria -- Letter of Intent, Supplementary Memorandum of Economic Policies, January 22, 2003
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
July 05, 2002 -- Bulgaria -- Letter of Intent, Supplementary Memorandum of Economic Policies, July 5, 2002
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
February 12, 2002 -- Bulgaria Letter of Intent and Memorandum on Economic Policies, February 12, 2002
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
March 07, 2001 -- Bulgaria Letter of Intent and Memorandum on Economic Policies, March 7, 2001
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
August 18, 2000 -- Letter of Intent and Memorandum on Economic Policies of the Government of Bulgaria, August 18, 2000
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
March 09, 2000 -- Bulgaria Letter of Intent, March 9, 2000
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
August 20, 1999 -- Bulgaria Letter of Intent, August 20, 1999
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
May 28, 1999 -- Bulgaria Letter of Intent, May 28, 1999
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
January 29, 1999 -- Bulgaria Letter of Intent and Memorandum of Economic Policies, January 29, 1999
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
September 09, 1998 -- Bulgaria Letter of Intent and Memorandum of Economic Policies, September 9, 1998
This Letter of Intent of the government of Bulgaria describes the policies that Bulgaria intends to implement in the context of its request for financial support from the IMF.
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Mission Concluding Statements
November 14, 2013 -- 2013 Article IV Consultation with Bulgaria—Concluding Statement of IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 02, 2012 -- Bulgaria-Concluding Statement of 2012 Article IV Consultation
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
May 26, 2011 -- Bulgaria—2011 Article IV Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 08, 2010 -- Bulgaria--September 2010 Staff Visit, Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
March 03, 2010 -- Bulgaria—2010 Article IV Consultation, Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
September 30, 2009 -- Bulgaria—September 2009 Staff Visit, Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
April 27, 2009 -- Bulgaria -- April 2009 Staff Visit, Concluding Statement of IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
December 15, 2008 -- Bulgaria - 2008 Article IV Consultation, Concluding Statement of IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 16, 2007 -- Bulgaria - 2007 Article IV Consultation, Concluding Statement of the Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
May 17, 2006 -- Bulgaria -- 2006 Article IV Consultation Discussions -- Concluding Remarks
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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News Briefs
July 22, 2002 -- News Brief: IMF Completes First Review of Bulgaria's Stand-By Credit and Approves US$35 Million Tranche
March 23, 2001 -- News Brief: IMF Completes Bulgaria Review and Approves US$66 Million Credit Tranche
September 08, 2000 -- CORRECTED News Brief: IMF Completes Fourth Bulgaria Review and Approves US$68 Million Credit
March 31, 2000 -- News Brief: IMF Completes Bulgaria Review and Approves US$70 Million Credit Tranche
September 15, 1999 -- News Brief: IMF Completes Second Review under the Extended Arrangement and Approves US$72 Million Credit Tranche for Bulgaria
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Other
March 20, 2000 -- Southeast Europe: Regional Economic Prospects, External Financing Needs, and IMF Programs
Generally prudent macroeconomic management in most countries has provided a stable environment in which economic growth should rebound quite strongly in 2000
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Press Releases
June 12, 2014 -- Press Release : IMF Concludes Staff Visit to Bulgaria
January 29, 2014 -- Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with Bulgaria
July 03, 2013 -- Press Release: IMF Concludes Staff Visit to Bulgaria
October 02, 2012 -- Press Release: Statement of the 2012 Article IV IMF Mission to Bulgaria
May 10, 2012 -- Press Release: Statement at the Conclusion of a Staff Visit to Bulgaria
December 09, 2011 -- Press Release: Conclusions of the 2011 Regular IMF Staff Visit to Bulgaria Sofia, December 9, 2011
May 20, 2011 -- Press Release: Statement at the Conclusion of an IMF Article IV Mission to Bulgaria
October 05, 2010 -- Press Release: Statement at the end of an IMF Mission to Bulgaria
September 21, 2009 -- Press Release: Statement by the IMF Mission to Bulgaria
April 22, 2009 -- Press Release: Statement by the IMF Staff Mission to Bulgaria
December 15, 2008 -- Press Release: Statement by the IMF Mission in Bulgaria
April 09, 2008 -- Press Release: Statement at the Conclusion of an IMF Mission to Bulgaria
October 23, 2007 -- Press Release: Statement by the IMF mission to Bulgaria
June 07, 2007 -- Press Release: Statement by IMF First Deputy Managing Director John Lipsky at the Conclusion of his Visit to Bulgaria
March 16, 2007 -- Press Release: IMF Executive Board Completes Fourth Review Under Stand-By Arrangement for Bulgaria
December 20, 2006 -- Press Release: Statement by IMF Staff Mission to Bulgaria
October 25, 2006 -- Press Release: Statement by the IMF Staff Mission to Bulgaria
August 03, 2006 -- Press Release: IMF Executive Board Completes Third Review Under Stand-By Arrangement for Bulgaria
April 04, 2006 -- Press Release: IMF Executive Board Completes Second Review Under Stand-By Arrangement for Bulgaria
May 18, 2005 -- Press Release: IMF Executive Board Completes First Review Under Stand-By Arrangement for Bulgaria
August 06, 2004 -- Press Release: IMF Executive Board Approves Stand-By Arrangement for Bulgaria
April 13, 2004 -- Press Release: IMF Staff Statement at the Conclusion of a Mission to Bulgaria
February 04, 2004 -- Press Release: IMF Completes Fourth Review Under Stand-By Arrangement with Bulgaria, Approves US$39 Million Disbursement, Grants Waivers, and Extends Arrangement
December 03, 2003 -- Press Release: Bulgaria Subscribes to the IMF's Special Data Dissemination Standard
July 08, 2003 -- Press Release: IMF Completes Third Review and Approves US$37 Million Disbursement Under Stand-By Arrangement for Bulgaria
February 07, 2003 -- Press Release: IMF Completes Review and Approves US$36 Million Tranche Under Stand-By Credit for Bulgaria
February 27, 2002 -- Press Release: IMF Approves Two-Year, US$299 Million Stand-By Credit for Bulgaria
October 14, 1998 -- Press Release: Bulgaria Accepts Article VIII Obligations
September 28, 1998 -- Press Release: IMF Approves Three-Year Extended Fund Facility for Bulgaria
April 11, 1997 -- Press Release: IMF Approves Stand-By Credit and a Drawing Under the CCFF for Bulgaria
July 19, 1996 -- Press Release: IMF Approves Stand-By Credit for Bulgaria
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Public Information Notices
December 13, 2012 -- Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 08, 2011 -- Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 02, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 17, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 19, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 04, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 18, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 05, 2002 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with Bulgaria
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 03, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with Bulgaria
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
April 19, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with Bulgaria
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
March 10, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Bulgaria
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
July 29, 1997 -- Press Information Notice: IMF Concludes Article IV Consultation with Bulgaria
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
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Publications
February 06, 2014 -- Bulgaria’s EU Funds Absorption: Maximizing the Potential!
Author/Editor: Iana Paliova | Tonny Lybek
Series: Working Paper No. 14/21
January 30, 2014 -- Bulgaria: Selected Issues Paper
Series: Country Report No. 14/24
February 25, 2013 -- Fiscal Multipliers in Bulgaria: Low But Still Relevant
Author/Editor: Muir, Dirk | Weber, Anke
Series: Working Paper No. 13/49
May 01, 2012 -- Productivity Growth and Structural Reform in Bulgaria: Restarting the Convergence Engine
Author/Editor: Mitra, Pritha | Pouvelle, Cyril
Series: Working Paper No. 12/131
November 01, 2011 -- Evaluating Designs for a Fiscal Rule in Bulgaria
Author/Editor: Andritzky, Jochen R.
Series: Working Paper No. 11/272
June 02, 2010 -- Bulgaria: Selected Issues
Series: Country Report No. 10/159
December 01, 2008 -- Efficiency and Performance of Bulgarian Private Pensions
Author/Editor: Impavido, Gregorio
Series: Working Paper No. 08/268
April 01, 2008 -- Current Account Developments in New Member States of the European Union: Equilibrium, Excess, and EU-Phoria
Author/Editor: Rahman, Jesmin
Series: Working Paper No. 08/92
December 19, 2007 -- Bulgaria: Selected Issues
Series: Country Report No. 07/390
March 26, 2007 -- Bulgaria: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria - Staff Report; Staff Statement Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 07/127
December 01, 2006 -- How Does the Introduction of Health Insurance Change the Equity in the Health Care Provision in Bulgaria?
Author/Editor: Markova, Nora
Series: Working Paper No. 06/285
August 08, 2006 -- Bulgaria: Selected Issues and Statistical Appendix
Series: Country Report No. 06/299
April 06, 2006 -- Bulgaria: Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria and Postponement of Third Review --Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 06/131
August 19, 2005 -- Bulgaria: Report on the Observance of Standards and Codes - Fiscal Transparency Module
Series: Country Report No. 05/300
June 01, 2005 -- Too Much of a Good Thing? Credit Booms in Transition Economies: The Cases of Bulgaria, Romania, and Ukraine
Author/Editor: Duenwald, Christoph | Gueorguiev, Nikolay | Schaechter, Andrea
Series: Working Paper No. 05/128
May 24, 2005 -- Bulgaria: First Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria -- Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 05/169
December 01, 2004 -- Integrating a Unified Revenue Administration for Tax and Social Contribution Collections: Experiences of Central and Eastern European Countries
Author/Editor: Barrand, Peter | Ross, Stanford G. | Harrison, Graham
Series: Working Paper No. 04/237
August 20, 2004 -- Bulgaria: Request for Stand-By Arrangement--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 04/267
June 28, 2004 -- Bulgaria: Selected Issues and Statistical Appendix
Series: Country Report No. 04/177
March 01, 2004 -- Competitiveness in Bulgaria: An Assessment of the Real Effective Exchange Rate
Author/Editor: Chobanov, Dimitar | Sorsa, Piritta
Series: Working Paper No. 04/37
February 12, 2004 -- Bulgaria: Fourth Review Under the Stand-By Arrangement, Requests for Waiver of Applicability of Performance Criteria and Waiver of Nonobservance of Performance Criterion, and Request for Extension of the Arrangement-Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 04/35
December 22, 2003 -- Bulgaria: Report on the Observance of Standards and Codes -- Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework
Series: Country Report No. 03/393
November 01, 2003 -- Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans
Author/Editor: Cottarelli, Carlo | Dell'Ariccia, Giovanni | Hollar, Ivanna Vladkova
Series: Working Paper No. 03/213
July 14, 2003 -- Bulgaria: Third Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria--Staff Report; Staff Statement; Press Release on the Executive Board Discussion
Series: Country Report No. 03/206
February 24, 2003 -- Bulgaria: Second Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 03/32
August 23, 2002 -- Bulgaria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems
Series: Country Report No. 02/188
August 07, 2002 -- Bulgaria: Report on the Observance of Standards and Codes--Update
Series: Country Report No. 02/172
August 07, 2002 -- Bulgaria: Selected Issues and Statistical Appendix
Series: Country Report No. 02/173
March 11, 2002 -- Bulgaria: Request for Stand-By Arrangement--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 02/49
March 11, 2002 -- Bulgaria: Request for Stand-By Arrangement--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 02/49
March 01, 2002 -- Banking Crises and Bank Resolution: Experiences in Some Transition Economies
Author/Editor: Enoch, Charles | Gulde, Anne Marie | Hardy, Daniel C. L.
Series: Working Paper No. 02/56
March 01, 2002 -- Banking Crises and Bank Resolution: Experiences in Some Transition Economies
Author/Editor: Enoch, Charles | Gulde, Anne Marie | Hardy, Daniel C. L.
Series: Working Paper No. 02/56
September 01, 2001 -- A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe
Author/Editor: Klyuev, Vladimir
Series: Working Paper No. 01/140
September 01, 2001 -- A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe
Author/Editor: Klyuev, Vladimir
Series: Working Paper No. 01/140
July 12, 2001 -- Labor Markets in Hard-Peg Accession Countries: The Baltics and Bulgaria
Series: Country Report No. 01/100
July 12, 2001 -- Labor Markets in Hard-Peg Accession Countries: The Baltics and Bulgaria
Series: Country Report No. 01/100
April 03, 2001 -- Bulgaria: Selected Issues and Statistical Appendix
Series: Country Report No. 01/54
January 01, 2001 -- The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria
Author/Editor: Horváth, Balázs | Székely, István P.
Series: Working Paper No. 01/11
April 19, 2000 -- Bulgaria: Selected Issues and Statistical Appendix
Series: IMF Staff Country Report No. 00/54
April 19, 2000 -- Bulgaria: Staff Report for the 1999 Article IV Consultation and Third Review Under the Extended Arrangement
Series: IMF Staff Country Report No. 00/53
Notes: Included with the Staff Report are the text of Public Information Notice No. 00/32 and a statement by J. de Beaufort Wijnholds, Executive Director, on March 31, 2000.
April 19, 1999 -- Bulgaria - Recent Economic Developments and Statistical Appendix
Series: IMF Staff Country Report No. 99/26
April 01, 1999 -- The Role of the Currency Board in Bulgaria's Stabilization
Author/Editor: Gulde, Anne Marie
Series: Policy Discussion Paper No. 99/3
October 31, 1997 -- Bulgaria--Statistical Appendix
Series: IMF Staff Country Report No. 97/86
February 15, 1996 -- Bulgaria - Recent Economic Developments
Series: IMF Staff Country Report No. 96/13
Notes: This paper on recent economic developments in Bulgaria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Bulgaria or the Executive Board of the IMF.
December 01, 1995 -- Financial Sector Reforms in Eight Countries: Issues and Results
Author/Editor: Galbis, Vicente
Series: Working Paper No. 95/141
June 01, 1995 -- Capital Flows in Central and Eastern Europe: Evidence and Policy Options
Author/Editor: Calvo, Guillermo | Sahay, Ratna | Végh Gramont, Carlos A.
Series: Working Paper No. 95/57
Notes: Prepared for a seminar on "Western Europe in Transition: The Impact of Opening Up of Eastern Europe and the Former Soviet Union," organized by the Bank of Italy, Austrian National Bank, and the IMF held in Trieste, October 10-11, 1994.
June 01, 1995 -- Capital Flows in Central and Eastern Europe: Evidence and Policy Options
Author/Editor: Calvo, Guillermo | Sahay, Ratna | Végh Gramont, Carlos A.
Series: Working Paper No. 95/57
Notes: Prepared for a seminar on "Western Europe in Transition: The Impact of Opening Up of Eastern Europe and the Former Soviet Union," organized by the Bank of Italy, Austrian National Bank, and the IMF held in Trieste, October 10-11, 1994.
May 01, 1995 -- Commercial Bank Debt Restructuring--The Experience of Bulgaria
Author/Editor: Houben, Aerdt G. F. J.
Series: Papers on Policy Analysis and Assessment No. 95/6
May 01, 1995 -- Commercial Bank Debt Restructuring--The Experience of Bulgaria
Author/Editor: Houben, Aerdt G. F. J.
Series: Papers on Policy Analysis and Assessment No. 95/6
January 01, 1994 -- The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe
Author/Editor: Sundararajan, V. | Baliño, Tomás J. T. | Dhawan, Juhi
Series: Working Paper No. 94/13
Notes: Also published in Staff Papers, Vol. 41, No. 3, September 1994.
July 01, 1992 -- The Output Decline in the Aftermath of Reform: The Cases of Bulgaria, Czechoslovakia, and Romania
Author/Editor: Borensztein, Eduardo | Demekas, Dimitri G. | Ostry, Jonathan David
Series: Working Paper No. 92/59
Notes: Also published in Staff Papers, Vol. 40, No. 1, March 1993.
May 01, 1992 -- Stabilization and Reform in Eastern Europe - A Preliminary Evaluation
Author/Editor: Bruno, Michael
Series: Working Paper No. 92/30
Notes: Also published in Staff Papers, Vol. 39, No. 4, December 1992.
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Reports on the Observance of Standards and Codes
March 08, 2001 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Table of Contents
This report compares country practices in Bulgaria with internationally recognized standards and codes in the areas of data dissemination, fiscal transparency, monetary and financial policy transparency, and banking supervision, and in some instances, one or all of the following: securities markets, insurance regulations, and accounting and auditing standards. In reviewing countries' observance of standards, the report covers disclosure practices and also discusses issues related to the quality of the information released.
March 08, 2001 -- Update to the Report on the Observance of Standards and Codes -- Bulgaria
This report is an update to the first ROSC that was issued in March 2000.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Banking Supervision
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Data Dissemination
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- System of Deposit Insurance
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Fiscal Transparency
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Insurance Supervision
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Transparency of Monetary Policy
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria -- Overview
This report compares country practices in Bulgaria with internationally recognized standards and codes.
June 14, 2000 -- IMF Report on Observance of Standards and Codes: Bulgaria - Securities Market Supervision
This report compares country practices in Bulgaria with internationally recognized standards.
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Speeches
April 14, 2007 -- Opening Remarks by Michael Deppler, Director, European Department, International Monetary Fund, at a Press Briefing on Economic Outlook and Issues in Europe
January 06, 2001 -- Exchange Rate Regimes: Is the Bipolar View Correct? -- Address by Stanley Fischer
Prepared for delivery as the Distinguished Lecture on Economics in Government, jointly sponsored by the American Economic Association and the Society of Government Economists, at the meetings of the American Economic Association, New Orleans
May 25, 2000 -- The Lessons of Reform -- Ten Years On -- Remarks by Stanley Fischer
Presented at the University for National and World Economy Sofia, Bulgaria
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Transcripts
September 22, 2000 -- Transcript of an IMF Press Conference: From Transition to EU Membership -- The Challenges in Developing Macroeconomic Frameworks
The countries that have succeeded rather well in the transition have not only had good macroeconomic policies, they have also given great attention to the structural reforms that underpin those macroeconomic policies-things like the hard budget constraint and the enterprise sector and cleaning up the banking system.
April 28, 1999 -- Press Briefing: The International Comunity Responds to the Kosovo Crisis
Welcome to the press conference on the economic consequences of the Kosovo crisis.
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Views & Commentaries
May 09, 2007 -- Bulgaria's EU Accession: Building on a Decade of Success, A Commentary by Robert P. Hagemann, Deputy Division Chief, European Department, IMF
Published in Dnevnik, Bulgaria