September 4 (SeeNews) - The International Monetary Fund said it will launch a 10-day mission to Bulgaria to assess the country's fiscal situation.
The mission, headed by Bas Bakker, was invited by the new government to help it assess the fiscal situation in 2009 and 2010, the IMF said in a statement on the website of its regional office for Romania and Bulgaria.
The mission will disseminate its main conclusions at the end of the visit scheduled for September 21.
Bulgaria's government of centre-right GERB party, which ousted a Socialist-led three-party coalition from power in the July 5 general election, has sait it will invite the IMF to consult it in reviewing its 2009 budget and help it draft the 2010 budget bill.
The government has said it has no plans to seek an IMF loan deal to support its currency peg to the euro. Since July 1997 Bulgaria has been operating an IMF-prescribed currency board system, a tight monetary arrangement that ties the level of cash in circulation to the amount of central bank foreign exchange reserves.