Programmatic Adjustment Loan 3 (PAL 3)
Sector: Mass Transit • Location: Bulgaria
Source: World Bank Group
The Third Programmatic Adjustment Loan (PAL 3) for Bulgaria continues the PAL Program support to the government's medium term program. It aims to achieve an average annual growth rates of 4.5-5.0 percent during 2002-05, reduce the poverty rate by half by 2005 compared to 2001, and reduce unemployment from 18.1 percent in 2001 to 12-14 percent in 2005, and make substantial progress towards Europea
- Status
- Closed
- Sector
- Mass Transit, Water Supply and Storage, Rail, Government, Education
- Location
- Bulgaria
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Third Programmatic Adjustment Loan (PAL 3) for Bulgaria continues the PAL Program support to the government's medium term program. It aims to achieve an average annual growth rates of 4.5-5.0 percent during 2002-05, reduce the poverty rate by half by 2005 compared to 2001, and reduce unemployment from 18.1 percent in 2001 to 12-14 percent in 2005, and make substantial progress towards European Union (EU) accession. The program consists of five complementary pillars: 1) privatization reforms and the restructuring of the energy, railway, telecommunications, and water sectors; 2) Establishing a market-friendly business environment; 3) improving the legal framework for lending, completing banking reform, and developing financial markets; 4) Improving public sector governance, strengthening public administration capacity and accountability, improving service delivery, reducing corruption, strengthening public expenditure management, and increasing the efficiency and effectiveness of the judicial system; and 5) Investing in human capital and strengthening social programs. |
Original sector | FY17 - Education,FY17 - Energy and Extractives,FY17 - Health,FY17 - Industry, Trade and Services,FY17 - Public Administration |
Budget |
Location
Country | Bulgaria |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Mass Transit, Water Supply and Storage, Rail, Government, Education |
Article published date | 2025-12-17 |
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