Bulgaria: Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria and for Postponement of Third Review

April 6, 2006

Preview Citation

Format: Chicago

Bulgaria: Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria and for Postponement of Third Review, (USA: International Monetary Fund, 2006) accessed November 27, 2024

Summary

The staff report for the Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria highlights Bulgaria’s economic growth, fiscal policy, and reforms. The economic program for 2006 relies on fiscal and credit restraint to rein in demand and strengthen the balance sheets of government and banks, and on structural reforms to stimulate supply. Quarterly credit growth limits and higher penalties for exceeding them are expected to help ensure achievement of this target. Measures to slow down household credit should additionally contribute to current account adjustment.

Subject: Balance of payments, Current account, Current account deficits, Exports, External debt, International trade, Public debt

Keywords: Accession treaty, Baltics, CR, Current account, Current account deficits, Deficit, Executive board discussion, Exports, FDI coverage, Global, ISCR, Net FDI outflow, Nonbank supervision, Program

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/131
Stock No:

1BGREA2006001
ISBN:

9781451804539
ISSN:

1934-7685

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