Bulgaria: Request for Stand-By Arrangement

International Monetary Fund

No 2002/049, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; private sector credit growth; growth; deposits in the banking system; euro-denominated deposit; roll-over risk; staff's expectation; Wages; Europe; Western Europe; Eastern Europe (search for similar items in EconPapers)
Pages: 82
Date: 2002-03-11
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