The effects of the financial and economic policies of the Currency Board established by the IMF on Bulgarian agriculture

Bulgarian economic and fiscal policy is determined by a currency board since March 1997. The currency board was established by means of an agreement between the Bulgarian Government and the International Monetary Fund in order to overcome the economic difficulties and the financial crisis caused by the early 90th market-liberalisation. The currency board's aim is to achieve an economic and financial stabilisation within Bulgaria. In these times of financial and economic crisis, agriculture in Bulgaria has to fulfill various tasks: It has to meet the internal demand, it has to help augment the foreign exchange reseve, it has to help reduce unemployment and it has to help overcome poverty and starvation of the people. The bulgarian nature and the long tradition of bulgarian agriculture will help to augment the image of Bulgaria being a producer of excellent agricultural food. To achieve this aim, however, governmental acts are necessary that do not only help to augment agricultural production but that also fit to EU-law. The EU-membership is a long-term aim and it's vital for Bulgaria.