"The government besieged, protesters and police packing the streets, an ongoing air of uncertainty over the country’s future – name the country. Not Turkey, or Egypt, but Bulgaria. But while demonstrators rage against the newly-appointed prime minister, the Balkan country has received a remarkably upbeat report from the International Monetary Fund, which praised the country’s economic stability and policies.
At the end of a regular staff visit on July 3, Michele Shannon, IMF Mission Chief for Bulgaria issued a statement that may give a fledgling, fragile and beleaguered government some succour.
“Despite the unsettled political situation, hard-earned macroeconomic and financial stability—which has helped to insulate Bulgaria from the severest effects of the global crisis—has been maintained,” Shannon said. “Domestic uncertainty and global market turbulence in recent weeks have not had a significant market impact on Bulgaria, with bond yields and credit-default swap spreads remaining in line with other strong performers in eastern Europe.”"
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