This program document presents the WorldBank Group (WBG) FY17-22 Country Partnership Framework (CPF)for Bulgaria. The timing of the new CPF follows thepreparation of theSystematic Country Diagnostic (SCD)prepared in FY15, and informs the areas and objectives oftheCPF in support of the WBG’s twin goals to reduce poverty andboost shared prosperity1 for the bottom forty percent of thepopulation. The CPF proposes to focus WBG support inselective areas aligned with the SCD, in response to clearGovernment demand, supporting and complementing Bulgaria’sEuropean Union agenda, and reflecting the WBG’s comparativeadvantage. In addition, the CPF applies two key principlesfor engagement, including: (i) realism, recognizing that theWBG plays a selective role and that it will contribute mosteffectively by being strategic and catalytic in supportingkey elements of Bulgaria’s development agenda, and (ii)scalability, creating opportunities to engage in dialogueand analytical work that may create space for broaderengagement in areas where there is potential fortransformational impact, including IFC investments inprivate sector development. Government demand is focusedprimarily on the agenda to strengthen public institutions,notably in the financial and energy sectors. The WBG willcomplement that focus by investing its own resources to stayengaged in the inclusion agenda, which is critical to theWBG twin goals. CPF proposes to cover a six year period,with Progress Learning Reviews (PLRs) will facilitate a moreproactive approach to monitoring results and ensure closealignment with the country-led strategy.
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