Bulgaria Progress Impressive

Bulgaria received high marks from the World Bank and International Monetary Fund for its fiscal policy and accelerated economic growth in the past year and a half, the finance ministry said, Balkan News Agency reported. The ministry said that the positive assessment had become clear during meetings Finance Minister Vladislav Goranov had with the IMF and the World Bank, part of the annual meeting of the two institutions, taking place in Washington DC. The Bulgarian Finance Ministry statement quoted World Bank vice-president Cyril Muller as telling Goranov: “I am very impressed with the progress of your country compared to its condition two years ago”. Bulgaria is among the countries with the best macroeconomic performance in Eastern Europe. The increasing economic growth, declining unemployment and improving budgetary position are impressive, the statement  quoted Muller as saying. Muller also said that World Bank experts are satisfied with the successfully conducted assessment of the assets of commercial banks in Bulgaria and subsequent stress tests.