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Bulgaria.

Author: International Monetary Fund European Dept
Publisher: Washington : International Monetary Fund, 2015.
Series: IMF Staff Country Reports.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent in 2014, among the sharpest contractions in the European Union, but are projected to turn positive late in the year. The banking system has shown substantial resilience to the damage to confidence  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Dept., International Monetary Fund. European.
Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria.
Washington : International Monetary Fund, ©2015
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund European Dept
ISBN: 9781484382387 1484382382 9781484383322 148438332X
OCLC Number: 911001070
Notes: IV. Corporate Commercial Bank: Bank Failure and ResolutionV. Transparency of Fiscal Risks.
Description: 1 online resource (69 pages).
Contents: Cover; CONTENTS; CONTEXT: POLICY CREDIBILITY AND ECONOMIC STABILITY AT RISK; ECONOMIC DEVELOPMENTS AND OUTLOOK; POLICY DISCUSSIONS: TACKLING NEAR-TERM RISKS, RESTORING BUFFERS, AND REBUILDING REFORM MOMENTUM; A. Safeguarding Financial Sector Stability; B. Restoring Fiscal Discipline and Rebuilding Buffers; C. Advancing Structural Reforms; STAFF APPRAISAL; BOXES; 1. Fiscal Reserve Account and Fiscal Buffers; 2. Electricity Sector Challenges; FIGURES; 1. Real Sector Developments, 2008-15; 2. External Sector Developments, 2003-15; 3. Fiscal Developments, 2005-17. 4. Monetary and Financial Sector Developments, 2007-14TABLES; 1. Selected Economic and Social Indicators, 2010-20; 2. Macroeconomic Framework, 2010-20; 3. Real GDP Components, 2010-20; 4. Balance of Payments, 2010-20; 5. External Financial Assets and Liabilities, 2010-20; 6a. General Government Operations, 2010-20; 6b. General Government Operations, 2010-20; 7. General Government Stock Position, 2007-14; 8. Monetary Accounts, 2010-20; 9. Financial Soundness Indicators, 2010-14; APPENDICES; I. External Sector Assessment; II. Reserve Adequacy; III. Debt Sustainability.
Series Title: IMF Staff Country Reports.

Abstract:

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent in 2014, among the sharpest contractions in the European Union, but are projected to turn positive late in the year. The banking system has shown substantial resilience to the damage to confidence resulting from the bank failure. The budget targets a 3 percent of GDP deficit in 2015, and a further 0.5 percentage point reduction per year in coming years. Measures to improve the compos.

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