On Monday Prime Minister Kiril Petkov visited the World Bank headquarters in Washington for meetings with the bank's President David Malpass and the World Bank Group Executive Director Koen Davidse. They reportedly discussed the possibilities of the World Bank providing technical assistance to Bulgaria to support reforms - for infrastructure, healthcare, and projects under the Recovery and Sustainability Plan. Other topics were the war in Ukraine and energy issues.
World Banks representatives to come to Sofia
Also, after yesterday's meeting, Mr Petkov said that there would be a meeting between World Bank representatives and the Bulgarian government in Sofia. Details are not available but the formal explanation is "deepening cooperation - with even greater added value for Bulgaria".
During Mr Petkov's visit, US officials praised Bulgaria's support for Ukraine. The PM reaffirmed Sofia's firm position on Moscow's aggression. He also discussed Bulgaria's humanitarian aid to Ukraine, as well as the decision to provide military-technical assistance to Kyiv.
EBRD lowers Bulgaria's GDP forecast to 2.2% in 2022
Only two months after its latest forecast for the Bulgarian economy, the European Bank for Reconstruction and Development (EBRD) has cut, even more, its expectations for Bulgaria's GDP. According to the report, growth will decrease to 2.5% of GDP in 2022. Compared to the bank's forecasts in November 2021, this is a serious revision: at that point expectations were almost twice as optimistic (4.4%). In March - after the Russian attack on Ukraine - the bank forecasted 2.8% growth.
Bulgaria to issue T-bonds on international market: Assen Vassilev
Bulgaria is preparing to issue government debt on the international market, announced Deputy Prime Minister and Minister of Finance Assen Vassilev during the Budget Commission in Parliament. The previous entry into international markets was in the fall of 2020.
"We are preparing an international issue, which will most likely be in two tranches. The applications have already been submitted and the offers from the banks have been received. We will not discuss exactly when this will happen for obvious reasons. Until then we do not intend to enter the domestic market," Mr Vassilev said in reply to a question from an MRF deputy.