Bulgaria: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria

International Monetary Fund

No 2009/096, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2008 Article IV Consultation discusses that Bulgaria has been hit by the global financial crisis, with clear signs that the country’s capital inflows-driven boom has come to an end and that the real economy is slowing down. Executive Directors have commended the Bulgarian authorities for their prudent policies that have built strong balance sheets in the public sector. Directors have also welcomed the authorities’ commitment to maintaining prudent fiscal policies, which will provide crucial support for the currency board arrangement.

Keywords: ISCR; CR; slowdown; net capital capital inflow; estimate; flash estimate; stock market index; private sector credit growth; GDP projection; reserve account; Capital inflows; Current account deficits; Current account; Currencies; Global; Western Europe; Europe; Eastern Europe; Southern Europe (search for similar items in EconPapers)
Pages: 70
Date: 2009-03-16
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