Bulgaria: Request for Stand-By Arrangement
Volume/Issue:
Volume 2004
Issue 267
Publication date: August 2004
ISBN: 9781451804492
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , privatization program , demand pressure , policy , confidence in Bulgaria , BTC privatization , FDI inflow , Current account deficits , Current account , Global
Summary
Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15.62 percent of quota is discussed. The SBA-supported program seeks to reduce increased external vulnerability and to achieve sustainable high growth through a tighter fiscal policy and measures to drain bank liquidity to reduce excess demand in the short term and structural reforms to boost output and export capacity in the medium term.
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