01907cas a2200241 a 4500 AALejournalIMF004381 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451804546 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Bulgaria : 2006 Article IV Consultation, Third Review Under the Stand-By Arrangement, and Request for Rephasing, Waiver of Applicability and Nonobservance of Performance Criteria and Extension of the Arrangement-Staff Report; Staff Statement; and Public Information Notice and Press Release on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (100 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 The current account deficit in Bulgaria, which doubled in 2005 to 11.8 percent of GDP, deteriorated further to 14.6 percent of GDP during the first four months of 2006. The current account deficit continues to be substantially financed by foreign direct investment (FDI) flows. Fiscal policy has been cautious for several years, and is being tightened further in 2006. The Bulgarian National Bank (BNB) introduced successively tighter credit limits and enhanced prudential measures. The discussions centered on policies to contain macroeconomic imbalances and achieve sustainable high growth. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/298 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/298/002.2006.issue-298-en.xml IMF e-Library