This program document presents the World
Bank Group (WBG) FY17-22 Country Partnership Framework (CPF)
for Bulgaria. The timing of the new CPF follows the
preparation of theSystematic Country Diagnostic (SCD)
prepared in FY15, and informs the areas and objectives ofthe
CPF in support of the WBG’s twin goals to reduce poverty and
boost shared prosperity1 for the bottom forty percent of the
population. The CPF proposes to focus WBG support in
selective areas aligned with the SCD, in response to clear
Government demand, supporting and complementing Bulgaria’s
European Union agenda, and reflecting the WBG’s comparative
advantage. In addition, the CPF applies two key principles
for engagement, including: (i) realism, recognizing that the
WBG plays a selective role and that it will contribute most
effectively by being strategic and catalytic in supporting
key elements of Bulgaria’s development agenda, and (ii)
scalability, creating opportunities to engage in dialogue
and analytical work that may create space for broader
engagement in areas where there is potential for
transformational impact, including IFC investments in
private sector development. Government demand is focused
primarily on the agenda to strengthen public institutions,
notably in the financial and energy sectors. The WBG will
complement that focus by investing its own resources to stay
engaged in the inclusion agenda, which is critical to the
WBG twin goals. CPF proposes to cover a six year period,
with Progress Learning Reviews (PLRs) will facilitate a more
proactive approach to monitoring results and ensure close
alignment with the country-led strategy.

Authors and Publishers

Author(s), editor(s), contributor(s)
World Bank International Finance Corporation Multilateral Investment Guarantee Agency

Resource information

Date of publication
July 2016
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ISBN / Resource ID
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