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BULGARIA

During the past decade, the World Bank Group (IBRD, IFC, and MIGA) has been a trusted partner, supporting Bulgaria as it emerged from 1996-97 major economic crisis and triple-digit inflation to join the EU in 2007, and responding to the global crisis since 2008. The World Bank Group signed in 2010 a Memorandum of Understanding (MOU) to step up cooperation in the development of Bulgaria’s infrastructure, including accelerating of EU funds absorption. The new Country Partnership Strategy (CPS), endorsed by the Board on May 17, 2011, aims to support Bulgaria in strengthening institutions and policies to achieve smart, sustainable, and inclusive growth. The new program is dominated by knowledge and advisory services, in response to the Government’s keen interest in forging a knowledge partnership focused on innovation. The International Finance Corporation has focused on enabling private sector investment in renewable energy, agriculture, and manufacturing including electronics, glass, and steel.

Active financed activities as of March 28, 2012.
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