Bulgaria: Second Review Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria
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Summary:
This paper examines Bulgaria’s Second Review Under the Stand-By Arrangement (SBA) and a Request for Waiver of Applicability of Performance Criteria. Over the last six-month period, Bulgaria’s macroeconomic stability has strengthened further. However, political pressures have made it more challenging to maintain a prudent and flexible fiscal policy and have weakened the momentum of structural reforms. Bulgaria has had a commendable performance in 2002, and the IMF staff supports the authorities’ request to complete the second program review under the SBA.
Series:
Country Report No. 2003/032
Subject:
Balance of payments Currencies Current account deficits External debt Fiscal policy Money Public debt
English
Publication Date:
February 24, 2003
ISBN/ISSN:
9781451804379/1934-7685
Stock No:
1BGREA0012003
Pages:
76
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