IMF Staff Country Reports

Bulgaria: 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria

Publication Date:

December 13, 2012

Electronic Access:

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Summary:

Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt. This attests to the strength of the policy framework and policy implementation. The fiscal adjustment achieved so far should be preserved, but improving the composition of the budget would support growth. The financial system is stable with high buffers, but the low growth environment poses challenges. Executive Directors suggest the need for some structural reforms.

Series:

Country Report No. 2012/328

Subject:

Balance of payments Banking Financial institutions Fiscal policy Foreign direct investment Income Labor National accounts Nonperforming loans Wages