Republic of Belarus: First Review Under the Stand-By Arrangement, and Request for a Waiver of Performance Criterion, Augmentation of Access, and Modification of Performance Criteria: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board

August 19, 2009

Preview Citation

Format: Chicago

Republic of Belarus: First Review Under the Stand-By Arrangement, and Request for a Waiver of Performance Criterion, Augmentation of Access, and Modification of Performance Criteria: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board, (USA: International Monetary Fund, 2009) accessed September 20, 2024

Also available in: русский

Summary

This paper discusses key findings of the First Review under the Stand-By Arrangement for the Republic of Belarus. All end-March 2009 quantitative and continuous performance criteria and structural benchmarks were met, except for the net international reserves target, which was missed by US$221 million. A sharp fall in demand for Belarus’s exports and a worsening of the capital account has led to the re-emergence of a substantial financing gap for 2009. The authorities have committed to adjust exchange rate and monetary policies, and to maintain a balanced budget despite lower revenue.

Subject: Banking, Credit, Debt service, Exchange rates, External debt, Foreign exchange, Money

Keywords: Belarus, CR, Credit, Debt service, Disbursement of SDR, End-June floor, End-June performance criteria, Exchange rates, Global, IMF financial support, IMF staff estimate, Increases interest rates, ISCR, Liquidity support, Peak fund credit, Support

Publication Details

Pages:

68
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2009/260
Stock No:

1BLREA2009003
ISBN:

9781451805314
ISSN:

1934-7685

Notes

Full text also available in Russian.

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports