IMF MISSION HEAD: BGN 1,2 B NEEDED FOR 5,5% GROWTH

Views on BG | February 14, 2002, Thursday // 00:00

In a presentation, delivered in the American University in Bulgaria (AUBG), Piritta Sorsa, Head of the Bulgarian mission of the International Monetary Fund (IMF) assessed the IMF role in Bulgaria as preserving the macroeconomic stability, due to which the country achieves economic growth. According to Sorsa, to achieve 5,5% growth in 2002, Bulgaria must raise the investment by 20%, up to BGN 1,2 B. The currency board should be preserved until Bulgaria enters the European Union, Sorsa pointed out.

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