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Bulgaria sits in the heart of the Balkan Peninsula with a population of 8.2 million people and a 1999 GNP per capita of US$1,380. Its most recent history is characterized by the remarkable turnaround that occurred after the change in leadership in 1997, following a decade-long delay in the transition to a market economy.

Since Bulgaria joined the World Bank in 1990, Bank assistance to the country has been aimed at fostering sustainable development and economic growth by investing in physical and social sector infrastructure, and by accelerating structural reforms and rapid development of the private sector. In parallel, Bank-financed activities have been addressing poverty through improvements of the social safety net and other social sector programs.


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