The World Bank (WB) is ready to grant Bulgaria credit worth over $ 300 million annually, provided the country maintained macroeconomic and fiscal stability.

On July 3 WB presented the three-year strategy for partnership with Bulgaria. According to WB experts, the new strategy was more flexible, Dnevnik newspaper reported.

WB will help the Bulgarian government execute structural reforms, boost economic growth and employment, manage EU funds and create investment-friendly environment. The bank offered preferential credit conditions and opportunities for inexpensive financing of the capital markets because of Bulgaria's high international credit rating.

Priority spheres the WB would finance included regional infrastructure development, social programmes and road construction projects. The bank also aimed at financing areas not sponsored by EU structural funds like education, healthcare and social insurance, Dnevnik said.

Specific measures included improving the quality of education by introducing teacher evaluation systems and reforming the labour market.

To receive the loans, Bulgaria should maintain the low current account deficit, inflation rates and fiscal policy transparency. If any of the indicators and Bulgaria's credit ratings worsen, WB would limit its investment programmes.