The World Bank (WB) is currently developing its new three-year strategy for Bulgaria. WB experts are drafting a best and a worst case scenario hinged to the outcome of the general elections in this country, scheduled for June 17, 2001. The international financial institution is ready to extend some USD 750 million by 2004 under the best case scenario. Crediting is dependent on a set of requirements - macroeconomic stability, annual economic growth of 5 percent, progress of the structural and social reforms, finalisation of the privatisation in the banking sector, amendments in the legal framework in the energy, water, transport and telecommunications sectors and boosting of the private sector. Key priority is a government strategy for reducing poverty and raising the living standards and economic well-being of Bulgarian people. WB Sofia office opened a public discussion on the new draft Bulgaria Country Assistance Strategy (CAS).

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