01635cas a2200241 a 4500 AALejournalIMF003074 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451804478 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Bulgaria : Selected Issues and Statistical Appendix. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (148 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper for Bulgaria highlights that the rapid credit expansion has not raised significant financial stability issues, but has been a key factor in the sharp weakening of the external current account. Although the deficit has been mostly financed by foreign direct investment (FDI) inflows, deficits of this magnitude cannot be sustained as privatization inflows will dry up with the completion of the government's privatization program. Concurrent with the surge in bank credit, the external current account has weakened, reaching a deficit of 8 1\2 percent of GDP in 2003. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/177 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/177/002.2004.issue-177-en.xml IMF e-Library