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More funding by World bank for Bulgaria

Article Date : Wednesday, June 28, 2006       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

A new four-year lending strategy from the World Bank aims at further supporting Bulgaria’s growth and successful European Union membership for 2007. Up to 240 million euros a year will be leant to Bulgaria until 2009, further increasing investor confidence in Bulgaria as a desirable investment option. With World Bank assistance, Bulgaria has come a long way since its Communist days. Although progress has been unmistakeable, this further funding will allow Bulgaria to go that extra mile and reach its full potential as a member state of the EU. Various structural reforms are planned, including improvements to transport, energy and telecommunications systems, and resources will be provided to increase economic productivity and employment. In addition, the World Bank will support policies to reduce social and economic imbalances that still exist across the country – all good news for Bulgaria as an excellent emerging market success story.
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