Bulgaria: Staff Report for the 2004 Article IV Consultation

June 28, 2004

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Bulgaria: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed September 19, 2024

Summary

This paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement. Foreign direct investment inflows have been strong, reserves are rising, and competitiveness appears broadly adequate. Fiscal policy has been tightened in 2003, as the government saved half of the revenue overperformance and reduced the deficit to 0.4 percent of GDP. The pace of structural reform has slowed, with two large privatizations and fiscal structural measures delayed.

Subject: Balance of payments, Banking, Current account, Current account deficits, External debt, Fiscal policy, Fiscal stance, Public debt

Keywords: CR, Current account, Current account, Current account deficits, Deficit, Eastern Europe, Europe, FDI inflow, Fiscal stance, Global, Government, Government sector, IMF staff estimate, Import boom, ISCR

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/176
Stock No:

1BGREA0022004
ISBN:

9781451804430
ISSN:

1934-7685

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