Bulgaria: Diagnostic of the State of Development of the Bulgarian Capital Market

Project ID: #TCRS8347-A108713

Project title: Bulgaria: Legal and Regulatory Framework for Enforceability of Hedging Instruments

Contract number: 002113

Contract description: The Consultant’s scope of work and deliverables will be as follows:

• Output 1: Inception Report

The first output of the technical support is the preparation of an Inception Report, which will set the basis for all operational aspects of the project and ensure that there is a common understanding among the parties involved.

• Output 2: Gap Assessment

The second output of the technical support is a comprehensive Gap Assessment of barriers to capital market development.

• Output 3: Recommendations Report

The report will build on the findings of the Gap Assessment and serve as a roadmap to the Bulgarian Ministry of Finance and other Bulgarian authorities while providing a clear path of action, including prioritisation of actions, timelines, attribution of the responsibility for the action, feasibility of implementation in the short, medium- and long-run, and other relevant criteria.

• Output 4: Final Report

The last output is the Final Report outlining activities undertaken and lessons learned by the EBRD during the implementation of the project, and providing a draft action plan to the authorities.

Duration: 18 months