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

International Monetary Fund

No 2001/053, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; prudent fiscal policy; incomes policy; policy development; staff appraisal; state enterprise; Bulgaria review; equivalent of SDR; Privatization; Wages; Global (search for similar items in EconPapers)
Pages: 106
Date: 2001-04-03
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