Банкеръ Weekly

Briefs

WB WARNS ABOUT RISK OF SLOWING DOWN REFORMS

The World Bank /WB/ warned about the existing risk of slowing down reforms in Bulgaria after the elections in June. In a WB report, two possible scenarios for the development of the Bulgarian economy have been drawn.
According to the first scenario, the country will continue its macroeconomic policy relying on annual growth of 5 per cent in the coming three years and annual foreign direct investments inflow of USD 800 M. In this case the WB would extend to the country credits amounting to USD 750 M by 2004.
The second scenario provides a slow down of economic reforms in the post-election period, which will cut WB credits to USD 230 M for the same period.
Perspectives for Bulgaria in medium term are favorable, the report notes.

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