IMF 'Ready to Help' Bulgaria

Business » FINANCE | July 1, 2014, Tuesday // 11:22| Views: 1161 | Comments: 3
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Bulgaria: IMF 'Ready to Help' Bulgaria File photo

The International Monetary Fund is ready to help Bulgaria, an IMF spokesman has said.

His words come as the country is seeking to safeguard the stability of its banking system.

However, the IMF underscores that the EU has already provided BGN 3.3 B of liquidity support to Sofia and also that Bulgaria has a stable capital basis, the institution's statement was quoted by private TV channel bTV.

IMF does not consider it likely that developments in two of Bulgaria's banks over the last weeks could spill over to the region.

"The Bulgarian authorities, in coordination with the European Commission, are taking steps to stabilize the banking system," the Global Post quoted the spokesperson as saying.

He added that "the banking system in Bulgaria is well capitalized and liquid."

On Saturday, opposition GERB leader Boyko Borisov called on the IMF to grant a loan to Bulgaria so that the country could strengthen its banking system.

Central bank BNB later urged politicians to avoid comments that heighten tensions.

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Tags: IMF, Bulgaria, EU, Boyko Borisov, liquidity support, banking system, BNB
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» To the forumComments (3)
#3
Blanche - 2 Jul 2014 // 11:14:03

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#2
Optimistic - 1 Jul 2014 // 23:36:26

So the IMF joins all the people on the forum lending money.

Go to the Ukraine they will borrow all you can lend and their politicans are fucking their people with austerity measures so that they can repay.

#1
EDC - 1 Jul 2014 // 12:43:11

NO THANK YOU ? AGAIN NO NO NO
WHICH PART OF NO
Do you not understand .

The IMF let them in and they take over you will have NO SAY at all in the finances of your country and then it will follow the EU Brussels will RUN THE COUNTRY .
HIGHER TAXES HIGHER FUEL COSTS HIGHER VAT, Then of course the RICH GETS RICHER and the POOR become VERY POOR.

Don;t let it HAPPEN.