IMF Staff Country Reports

Bulgaria: Staff Report for the 2000 Article IV Consultation and Fifth Review Under the Extended Arrangement

Publication Date:

April 3, 2001

Electronic Access:

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Summary:

Bulgaria’s currency board arrangement continues to have broad political and public support and shows no signs of strain, as interest rates are low and stable, fiscal reserves ample, and banks liquid. A structural reform agenda has also been implemented. The authorities have improved banking supervision, started the overhaul of the pension and health care systems, and liberalized trade and prices. Executive Directors stressed the need to strengthen the bank supervision and corporate governance to reduce the perceived risks of lending to the private sector.

Series:

Country Report No. 2001/053

Subject:

Banking Economic sectors External debt Fiscal policy Labor Privatization Public debt Wages