Republic of Belarus : 2011 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Publication Date: March 09, 2011
Electronic Access: Free Full text (PDF file size is 1,385KB).
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Summary: Belarus’s economy grew rapidly but remained vulnerable to external shocks. Under the IMF-supported program, Belarus avoided loss of output during the global recession, contained inflation, and increased gross reserves. The structural reform agenda focused on economic liberalization, a shift in investment from the housing sector to the tradable sector, a smaller role of the state, and the development of the financial sector. Post-program monitoring was proposed. Establishing a development bank to administer lending under government programs would free the central bank and commercial banks from quasi-fiscal activity.
Series: Country Report No. 11/66
Subject(s): Article IV consultation reports | Banking sector | Debt sustainability | Economic indicators | External borrowing | Fiscal reforms | Post-program monitoring | Staff Reports

Notes Also available in Russian
Publication Date: March 09, 2011
ISBN/ISSN: 9781455220007/1934-7685 Format: Paper
Stock No: 1BLREA2011001 Pages: 58
US$18.00 (Academic Rate:
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