Bulgaria: Request for Stand-By Arrangement

International Monetary Fund

No 2004/267, IMF Staff Country Reports from International Monetary Fund

Abstract: Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15.62 percent of quota is discussed. The SBA-supported program seeks to reduce increased external vulnerability and to achieve sustainable high growth through a tighter fiscal policy and measures to drain bank liquidity to reduce excess demand in the short term and structural reforms to boost output and export capacity in the medium term.

Keywords: ISCR; CR; privatization program; demand pressure; policy; confidence in Bulgaria; BTC privatization; FDI inflow; Current account deficits; Current account; Global (search for similar items in EconPapers)
Pages: 84
Date: 2004-08-20
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