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Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

published on 3/19/24 4:32 PM

Jean-François Dauphin, head of the IMF mission

Photo: BTA

The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system. The fund's mission began on March 6 and ends today.

"Bulgaria's accession to the Eurozone in 2025 is realistic," said Dauphin. According to him, joining the euro will reduce some of the risks facing the Bulgarian economy. The fund's regular mission expects the Bulgarian economy to grow by 2.7% this year and inflation to be 3.5%.

Among the fund's long-term recommendations is the abolition of the maximum insurance threshold and the introduction of a progressive income tax scale.

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Radio Bulgaria Economy Eurozone IMF International Monetary Fund Jean-François Dauphin

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Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

More from category

Moody’s: Eurozone entry supports Bulgaria’s institutions, but corruption remains challenge

The government proposes that prices in euros and leva be displayed until the end of 2026

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Moody’s: Eurozone entry supports Bulgaria’s institutions, but corruption remains challenge