IMF Staff Country Reports

Republic of Belarus : 2007 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Belarus

Author/Editor:

International Monetary Fund

Publication Date:

September 10, 2007

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2007 Article IV Consultation highlights that Belarus’s centralized economy grew rapidly over the past few years, enhancing social development. The state redistributed large and growing terms-of-trade gains stemming from favorable Russian energy pricing across the economy, boosting domestic demand. A new energy agreement, however, has abruptly reversed terms-of-trade gains. Belarus now pays Russia twice as much for gas supplies as in 2006 and a fifth more as a share of world market prices for crude oil. This resulted in an estimated loss of 5½ percent of GDP in 2007.

Series:

Country Report No. 07/310

Subject:

Article IV consultations Balance of payments Banking systems Belarus Credit expansion Current account Economic indicators Exchange rate policy External borrowing External debt Financial soundness indicators Fiscal policy Inflation Monetary policy Public debt Public information Staff appraisals Staff Reports

Notes:

Also available in Russian

Frequency:

Monthly