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Bulgaria: Request for Stand-By Arrangement

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  • 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.

Suggested Citation

  • International Monetary Fund, 2002. "Bulgaria: Request for Stand-By Arrangement," IMF Staff Country Reports 2002/049, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/049
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