IMF Forecasts Realistic Timeline for Bulgaria's Eurozone Entry in 2025

Jean-Francois Dauphin, the head of the International Monetary Fund (IMF) mission in Bulgaria, has expressed confidence that Bulgaria's accession to the Eurozone by 2025 is a realistic goal. The IMF's assessment comes as part of its regular evaluation of Bulgaria's economic performance, which forecasts a 2.7 percent growth rate for the country's economy this year.

Dauphin also provided insights into inflation expectations, projecting a rate of 3.5 percent. According to him, Bulgaria's adoption of the euro would mitigate certain risks facing its economy, offering a stable currency framework that could enhance economic stability and facilitate trade within the Eurozone.

One of the IMF's key recommendations for Bulgaria's long-term economic strategy includes the elimination of the maximum insurance threshold and the implementation of a progressive income tax scale. These measures aim to promote fiscal sustainability and equitable distribution of resources within the country.