Belarus: Recent Economic Developments

November 17, 1997

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Belarus: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed September 18, 2024

Summary

This paper reviews economic developments in the Republic of Belarus during the 1990s. In late 1994 and early 1995, the Belarusian authorities took major steps to further liberalize the economy and bring down inflation from the high levels of 1993–94. By the second half of 1995, however, macroeconomic policies began to be relaxed and structural reform came to a virtual standstill. The relaxation of monetary policy was accompanied by an exchange rate policy in 1996, which caused the Belarusian currency to continue to appreciate significantly against the U.S. dollar.

Subject: Banking, Commercial banks, Credit, Expenditure, Exports, Financial institutions, Imports, International trade, Money

Keywords: Broad money, Commercial banks, CR, Credit, Europe, Exchange rate, Exports, First quarter, Foreign currency, Gross domestic product, Imports, ISCR, National bank, Trade balance, U.S. dollar, Western Europe

Publication Details

Pages:

156
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/111
Stock No:

1BLREA0011997
ISBN:

9781451805024
ISSN:

1934-7685

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