Republic of Belarus: 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement-Staff Report Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Press Release

December 30, 2009

Preview Citation

Format: Chicago

Republic of Belarus: 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement-Staff Report Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Press Release, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Also available in: русский

Summary

This 2009 Article IV Consultation highlights that Belarus has so far escaped a significant fall in output, despite a sharp fall in external demand. GDP declined 0.5 percent year over year in the first eight months of 2009, comparing favorably to Belarus’ main trading partners. Economic activity has been bolstered by strong domestic demand, especially for housing construction financed under government programs. Executive Directors have applauded the authorities’ commitment to a tight fiscal policy, with revenue shortfalls being offset by spending restraint while protecting priority social spending.

Subject: Balance of payments, Banking, Credit, Currencies, Current account deficits, Exchange rates, Foreign exchange, Government debt management, Money, Public financial management (PFM)

Keywords: Anti-crisis fund, CR, Credit, Currencies, Current account deficits, Draft decree, End-December NIR, Exchange rates, Global, Government debt management, Government program, ISCR, Policy, Policy development loan, Privatization agency, Reform effort, September

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/333
Stock No:

1BLREA2009004
ISBN:

9781451805321
ISSN:

1934-7685

Notes

Also available in Russian

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