Since Bulgaria joined the World Bank Group in 1990, the total value of its support is roughly US$4 billion, for 45 IBRD operations, 10 MIGA projects, and over 38 IFC projects supporting reforms in areas such as banking, revenue administration, health, social welfare, environmental protection, general manufacturing, agribusiness, infrastructure, and renewable energy sectors. A series of measures were also undertaken to improve the country's business climate.
World Bank-financed projects have helped deliver tangible results:
- More than 700,000 people benefited from small social infrastructure improvements and services through the Social Investment and Employment Promotion Project.
- Supported by the Revenue Administration Reform Project, improvements in revenue administration contributed to increased tax and social contribution revenues by 4.6 percent of GDP between 2002 and 2008, the highest revenue gain among new EU member states.
- Turnaround times for registering a real estate transaction and mortgage were reduced to a single day – down from seven days – through the Registration and Cadastre Project.
The active portfolio of World Bank’s financed operations focuses on infrastructure and social inclusion.
The Municipal Infrastructure Development Project seeks to improve the reliability and quality of water provision to communities in selected settlements in the project area, and assist municipalities in investment-planning for the water sector. The Project supports preparation of regional Master Plans for Water Supply and Sewerage systems and completing the construction of three dams that was interrupted about 20 years ago, along with the rehabilitation of a fourth dam that is currently operational.
The Social Inclusion Project (SIP) aims to improve chances of children with marginalized backgrounds, including Roma children. The project will help children below the age of seven from poor and disadvantaged families, as well as children with disabilities, to prepare for school. Because of their social situation, many vulnerable children reach school age and go to school without the necessary preparation. They are not on equal footing with their peers and they drop out early from school. The project will improve their welfare by using early involvement mechanisms, safeguarding their health and education opportunities, and working with parents before the children reach school age.
The Second Trade and Transport Facilitation Project aims to improve physical infrastructure of the border crossings; more efficient customs formalities, facilities, and procedures; as well as improved communication and sharing of relevant border crossing data and streamlining the operational procedures of the border crossing agencies.