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Bulgaria: Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria and for Postponement of Third Review

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  • International Monetary Fund

Abstract

The staff report for the Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria highlights Bulgaria’s economic growth, fiscal policy, and reforms. The economic program for 2006 relies on fiscal and credit restraint to rein in demand and strengthen the balance sheets of government and banks, and on structural reforms to stimulate supply. Quarterly credit growth limits and higher penalties for exceeding them are expected to help ensure achievement of this target. Measures to slow down household credit should additionally contribute to current account adjustment.

Suggested Citation

  • International Monetary Fund, 2006. "Bulgaria: Second Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criteria and for Postponement of Third Review," IMF Staff Country Reports 2006/131, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/131
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=19120
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    Cited by:

    1. Thomas Stubbs & Bernhard Reinsberg & Alexander Kentikelenis & Lawrence King, 2020. "How to evaluate the effects of IMF conditionality," The Review of International Organizations, Springer, vol. 15(1), pages 29-73, January.

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