World Bank, IMF and G-24 Division

 

  • Carries out regular consultations, coordination and cooperation with IMF and World Bank Group organizations in the framework of the established forms of relations between them and our country;
  • Takes part in the process of coordination of the framework of cooperation between WB and the Republic of Bulgaria;
  • Takes part in the preparation, negotiation, signing and subsequent ratification of loan/ guarantee agreements between the Republic of Bulgaria and the International Bank for Reconstruction and Development (IBRD);
  • Coordinates and monitors the implementation of the portfolio of investment loans and grants of IBRD in the Republic of Bulgaria;
  • Carries out the overall coordination in the implementation of the commitments under structural loans from IBRD;
  • Coordinates the technical, analytical and consultancy assistance by IBRD and IMF;
  • Renders methodological assistance to the institutions that are beneficiaries of WB loans;
  • Coordinates and carries out the necessary actions in regard to Republic of Bulgaria's share in the capital of WB Group organizations and IMF;
  • Assists the Governor for Republic of Bulgaria in WB Group and the Deputy Governor for our country in IMF in the performance of their functions as per the articles of association and in connection with the participation of the country in the work of these organizations;
  • Represents the Ministry of Finance in the Sub-committee on IMF to the Economic and Financial Committee;
  • Provides opinions in connection with activities and initiatives relating to G-20 and G-24;
  • Represents the Republic of Bulgaria in the bodies of the International Bank for Economic Cooperation (IBEC) and the International Investment Bank (IIB) and drafts positions on the modernization of the organizational structure, the updating of the articles of association and the operational activity of the two international institutions;
  • Assists the Minister of Finance in the preparation of opinions and guidelines in connection with the application of the Ordinance on Business Trips and Specializations Abroad.