site.btaMarch 17, 1997: Bulgaria Steps toward Stabilization amid Financial Collapse
Caretaker Prime Minister Stefan Sofianski (left) meeting with IMF Mission Leader for Bulgaria Anne McGuirk ahead of the signing of an agreement, Sofia, February 27, 1997 (BTA Archive/Ruslen Donev)
On March 17, 1997, Bulgarian Prime Minister Stefan Sofiyanski's caretaker cabinet signed a memorandum with the International Monetary Fund (IMF), committing itself to a currency board arrangement to overcome Bulgaria's financial collapse.
That was a
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