No Need for IMF Aid yet, Bulgaria Says

Financial aid from the International Monetary Fund is not yet needed, Bulgarian Prime Minister Sergei Stanishev said. But he added that the European nation will seek assistance from the fund if the adverse impacts of the economic crisis persist. "We do not have any technical problem, if a need occurs at some point we can hold quick and effective talks with the IMF and the European financial institutions," Stanishev was quoted by

as saying.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.