Republic of Belarus: Fifth Post-Program Monitoring Discussions

Publication Date: January 24, 2014
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Summary: This paper focuses on Fifth Post-Program Monitoring Discussions with Republic of Belarus. Growth in Belarus has remained slow despite high increases in wages and directed lending. To promote growth, the authorities loosened macroeconomic policies in the first half of the year but then held—and partially reversed—these efforts to contain exchange rate pressures that resurfaced in the summer. Decisive structural reform remains essential to raise potential growth and promote stability beyond the short term. In this context, the authorities’ ongoing engagement with the World Trade Organization, with a view to future accession, is welcome.
Series: Country Report No. 14/18
Subject(s): Post-program monitoring | Fiscal policy | Wage increases | Fiscal reforms | Monetary policy | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Belarus

Notes Also Available in Russian
Publication Date: January 24, 2014
ISBN/ISSN: 9781484382592/1934-7685 Format: Paper
Stock No: 1BLREA2014001 Pages: 63
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