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Bulgaria :, Fourth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Bulgaria. Performance in 2006 was broadly satisfactory, although structural reform implementation was weaker than expected. Notably, the government postponed until mid-2007 the launching of the electronic business registry, a key business climate measure. The financial system remains well capitalized and profitable with the modest nonperforming loans. The authorities and IMF staff agreed that the credit restraints should lapse and that Basel II should be implemented cautiously
Table Of Contents
Cover; Executive Summary; Contents; I. Introduction; II. Performance under the Program; A. Economic Developments; B. Program Performance in 2006; C. Outlook and Risks; III. Policy Discussions; A. Fiscal Policy; B. Financial Sector; C. Incomes and Labor Market Policies; D. Other Structural Reforms; IV. Staff Appraisal; Figures; 1. Real Sector Developments, 2004-06; 2. Balance of Payments Developments; 3. Competitiveness; 4. Fiscal Sector Developments; 5. Financial Sector Indicators; 6. Selected Countries: Gross Fixed Capital Formation, 2001-07; 7. Baseline Medium-Term Projections, 2004-2011
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
Form Of Item

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