IMF Staff Country Reports

Bulgaria: Request for Stand-By Arrangement

Publication Date:

August 20, 2004

Electronic Access:

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Summary:

Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15.62 percent of quota is discussed. The SBA-supported program seeks to reduce increased external vulnerability and to achieve sustainable high growth through a tighter fiscal policy and measures to drain bank liquidity to reduce excess demand in the short term and structural reforms to boost output and export capacity in the medium term.

Series:

Country Report No. 2004/267

Subject:

Balance of payments Current account Current account deficits Expenditure External debt Public debt