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

Publication Date: June 12, 2013
Electronic Access: Free Full text (PDF file size is 1,155KB).
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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(s): Article IV consultation reports | Fiscal policy | Wage increases | Debt sustainability | Fiscal reforms | Monetary policy | Liquidity management | Banking sector | Economic indicators | Post-program monitoring | Staff Reports | Public information notices | Belarus

Notes Full text also available in Russian.
Publication Date: June 12, 2013
ISBN/ISSN: 9781484321331/1934-7685 Format: Paper
Stock No: 1BLREA2013001 Pages: 57
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