## Bulgaria: Recent Economic Developments and Statistical Appendix

_IMF Staff Country Reports, April 21, 1999_

## Source details

**Canonical URL:** [Bulgaria: Recent Economic Developments and Statistical Appendix](https://www.imf.org/en/publications/cr/issues/2016/12/30/bulgaria-recent-economic-developments-and-statistical-appendix-2943)

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## Bibliographic details
- Published: April 21, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451804331.002

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### Overview and main finding
- Reviews economic developments in Bulgaria during 1990–97.
- Bulgaria’s macroeconomic performance during 1990–97 was weaker than in most transition countries in the region.
- With economic activity declining significantly during most years, the cumulative fall in real output over this period amounted to 37 percent.
- Weak performance mainly reflected the stop-and-go nature of stabilization policies and the slow pace of structural reform, although difficult initial conditions and adverse external shocks also played a role.

### Subject areas and keywords
- Subject: Banking, Commercial banks, Economic sectors, Exports, Financial institutions, Foreign exchange, International trade, Privatization, Public debt
- Keywords: banking system, Commercial banks, CR, debt service, Eastern Europe, economic activity, economic crisis, exchange rate, Exports, financial crisis, foreign currency, incomes policy, ISCR, Privatization, state enterprise, U.S. dollar, Western Europe

### Analytical emphasis (from the paper)
- Causes of weak macroeconomic performance:
  - Stop-and-go stabilization policies.
  - Slow pace of structural reform.
  - Difficult initial conditions.
  - Adverse external shocks.
- Outcome highlighted:
  - Significant and sustained decline in economic activity across most years in 1990–97.

_International Monetary Fund. "Bulgaria: Recent Economic Developments and Statistical Appendix", IMF Staff Country Reports 1999, 026 (1999)._

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## Content in this bundle

- **Bulgaria: Recent Economic Developments and Statistical Appendix - ISCR/99/26**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/bulgaria-recent-economic-developments-and-statistical-appendix-2943_