Credible public finances are the foundation of sustainable growth and the anchor of stability and confidence, Dimitar Radev, Governor of the Bulgarian National Bank (BNB), said in his remarks at the Policy Dialogue of the European Department of the International Monetary Fund (IMF), during the annual meetings of the IMF and the World Bank in Washington, D.C., last week, according to a BNB press release Tuesday.
Radev stated that he fully shares the main conclusion of the IMF’s Regional Economic Outlook report, that Europe faces a complex and uncertain environment in which preserving stability and advancing reforms must go hand in hand.
He shared four key observations on the prospects and policy challenges facing Europe, focusing particularly on Central, Eastern and South-Eastern Europe. These observations covered the resilience of the region’s economies, demographic and structural factors, the challenging external environment and fiscal policy challenges. He stated that the report correctly emphasizes the importance of responding to the need for increased spending without endangering fiscal sustainability, a balance which remains challenging in many parts of Europe. He emphasized that prudent fiscal policy does not mean austerity, adding that higher incomes and greater investment are necessary, but without discipline and efficiency, they could undermine the stability they are supposed to strengthen.
In more general terms, Radev said that the challenge facing Europe is not only to withstand uncertainty, but also to turn it into a source of renewal. This means completing the single market, deepening capital markets and accelerating reforms that strengthen Europe’s competitiveness and sustainability. He added that European policy is all too often reactive and fragmented. According to him if Europe acts decisively and in a coordinated manner, it can transform its diversity into a strength. However, if it hesitates, it risks losing ground in an increasingly competitive world.
Regarding Bulgaria’s upcoming accession to the Eurozone, Dimitar Radev emphasized that this is a significant economic and strategic milestone that will bolster the Bulgarian economy within Europe’s institutional and financial framework. He believes that joining the eurozone marks the beginning of a new phase, involving greater responsibility for maintaining fiscal discipline, strengthening institutions, and pursuing consistent reform policies.
Radev concluded with remarks on Bulgaria’s upcoming adoption of the euro from January 1, 2026. “This is not only an economic milestone — it is a strategic decision that anchors our economy more firmly within Europe’s institutional and financial framework. It will enhance our resilience to external shocks and reinforce our capacity to contribute to Europe’s overall stability and strategic autonomy. But joining the euro area is not the end of a process; it is the beginning of a deeper responsibility — to maintain fiscal discipline, to strengthen institutions, and to pursue reforms with consistency. These are the principles on which Bulgaria — and our region as a whole — should continue to build convergence, resilience, and sustainable growth in the years ahead,” he said. Reliable Public Finances Crucial for Sustainable Growth and Stability, Says BNB Governor at IMF Meeting in Washington D.C THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-10-21 16:03:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
