Republic of Belarus : 2013 Article IV Consultation and Fourth Post-Program Monitoring Discussions

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 12, 2013

Electronic Access:

Free Full Text (PDF file size is 1155 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus (NBRB) should tighten liquidity and stand ready to take further measures to ensure disinflation. Banking supervision has improved, but high foreign exchange lending growth poses risks. Strong structural reform remains critical to achieving higher sustainable growth. The Development Bank should be used to facilitate broader financial sector reform.

Series:

Country Report No. 13/159

Subject:

Notes:

Full text also available in Russian.

English

Publication Date:

June 12, 2013

ISBN/ISSN:

9781484321331/1934-7685

Stock No:

1BLREA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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