IMF staff want ‘clear mandate’ for next Bulgarian governor

Ivan Iskrov, Bulgarian National Bank

With Ivan Iskrov's term set to expire in October, the next Bulgarian National Bank (BNB) governor should be handed a "clear mandate to support a strong, independent and accountable" central bank, International Monetary Fund (IMF) staff said today.

This would help restore supervisory credibility, they said, at the conclusion of an Article IV consultation that pointed to "weaknesses" exposed by the failure of the country's fourth-largest bank in 2014.

The past year was a difficult one for the BNB.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: