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The role of international financial institutions in the development of the private sector in Bulgaria

Daniela Bobeva

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Year of Publication: 2018

Cover Type: Hard

Category: Economics

Edition: First Edition

Pages: 144

Format: n/a

Language: Bulgarian

Summary

This book presents the results of a comprehensive study of the impact of the crisis on IFIs and how the changes that have occurred in these institutions affect their activities, with a focus on Bulgaria. In difficult times for the economy, expectations for them increase, which is why the assessment of their role in a global, regional and national plan is of utmost importance for outlining their prospects and future functions. Both the main positive effects on the private sector - the attraction and financing of foreign investors - and the unfavorable trends - a small volume of financing, insignificant investments in innovations, concentration in non-tradable sectors, instability of the financed companies, etc. have been revealed. IFIs in general do not finance projects in Bulgaria according to their capacity, and the country does not make sufficient use of IFI resources. A scoreboard with indicators has been developed to measure the benefits of participation in IFIs, and recommendations have been proposed to the IFIs themselves and public institutions.

Аbout The Author

• Daniela Bobeva: Daniela Bobeva is an Associate Professor at the BAS Economic Research Institute and the Higher School of Insurance and Finance. Assoc. Prof. Daniela Bobeva is a lecturer at Plovdiv University ‘Paisii Hilendarski’ and at the University of National and World Economy Department of Finance. She was head of the economic programme at the Centre for the Study of Democracy and of the BNB European Integration and International Relations Directorate. She has held senior ministerial offices: executive director of InvestBulgaria Agency, minister of trade and economic cooperation, deputy prime minister of economic development. The highlights of her international career are the vice-president of operations to establish the Black Sea Bank of Trade and Development and expert at the Organization of Economic Cooperation and Development. Assoc. Prof. Daniela Bobeva has written more than 60 research papers, 40 of which have been published in prestigious international books and journals.