Bulgaria: Request for Stand-By Arrangement
Electronic Access:
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Summary:
This paper evaluates Bulgaria’s Request for Stand-By Arrangement (SBA). Macroeconomic developments remain broadly favorable, although a rise in the external current account deficit is a concern. Real GDP growth is estimated to have moderated to about 4½ percent in 2001. The authorities have requested a two-year SBA in the amount of SDR 240 million, or 37 percent of quota. The requested SBA would be centered on the currency-board arrangement, a continuation of prudent fiscal and incomes policies, and an acceleration of privatization and other structural reforms.
Series:
Country Report No. 2002/049
Subject:
Expenditure External debt Fiscal policy Labor Public debt Wages
English
Publication Date:
March 11, 2002
ISBN/ISSN:
9781451804362/1934-7685
Stock No:
1BGREA0012002
Pages:
82
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