Bulgaria: 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria

International Monetary Fund

No 2012/328, IMF Staff Country Reports from International Monetary Fund

Abstract: Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt. This attests to the strength of the policy framework and policy implementation. The fiscal adjustment achieved so far should be preserved, but improving the composition of the budget would support growth. The financial system is stable with high buffers, but the low growth environment poses challenges. Executive Directors suggest the need for some structural reforms.

Keywords: ISCR; CR; authority; flash GDP estimate; EU funds absorption; HICP inflation; Bulgaria; growth prospect; deficit procedure; Wages; Income; Foreign direct investment; Nonperforming loans; Europe; Asia and Pacific; Baltics; Global (search for similar items in EconPapers)
Pages: 82
Date: 2012-12-13
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=40156 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2012/328

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().