The Republic of Belarus: First Post-Program Monitoring Discussions
Electronic Access:
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Summary:
Belarus was experiencing an economic crisis after the expiration of a Stand-By Arrangement in March 2010. Its policies were loosened significantly, and consequently the account deficit increased and pressure on reserves intensified. The authorities agreed with the Eurasian Economic Community’s Anti-Crisis Fund (ACF), which announced measures including tightening of macroeconomic policies and structural reforms. Executive Directors urged the authorities to restore external stability through further fiscal and monetary policy tightening. Directors stressed that the financial support will require demonstrated commitment to strong policies and structural reforms.
Series:
Country Report No. 2011/277
Subject:
Banking Credit Currencies Exchange rates External debt Foreign exchange Money
Notes:
English
Publication Date:
September 13, 2011
ISBN/ISSN:
9781463903008/1934-7685
Stock No:
1BLREA2011004
Pages:
58
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