The World Bank’s Board of Executive Directors endorsed on May 17, 2011,the Country Partnership Strategy (CPS) for Bulgaria. The CPS provides the framework for World Bank Group support for the period 2011-2013. The program envisages a sophisticated, demand-driven partnership anchored in the Europe 2020 development agenda for smart, sustainable and inclusive growth.

The new partnership will focus on Bulgaria as an EU member state and its institutions to unlock and make the best use of available EU funds. The World Bank Group’s principal role will be to provide knowledge and advisory services, complemented with selective lending for activities which are not eligible for financing through EU Structural Funds or lending by European institutions and international financial institutions.

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The World Bank’s program in Bulgaria to datecomprises 45 International Bank forReconstruction and Development (IBRD)operations, with a total original commitment ofroughly US$3 billion equivalent – consisting of 15adjustment loans (US$1.73 billion), 23 investmentprojects (US$1.12 billion), one debt reduction loan(US$125 million), four World Bank-managedGlobal Environmental Fund (GEF) grants, andtwo World Bank-managed Prototype CarbonFund (PCF) operations.

As of mid-March 2011, the active portfolio ofWorld Bank-financed projects in Bulgaria consistsof four operations with original commitmentstotaling US$353 million equivalent. In addition,one IDF grant in the total amount of US$0.4million is being implemented.

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More than 30 country-tailored reports and analyses in the last 5 years facilitated public discussion and consensus on Bulgaria’s reform agenda.

The latest Reports include:

Review of the Bulgaria School Autonomy Reforms

The series of World Bank reports on Better Regulation

Long Term Care Policies for Older Populations in new EU Member States and Croatia: Challenges and Opportunities

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