IMF Staff Country Reports

Republic of Belarus: 2011 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

March 9, 2011

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Republic of Belarus: 2011 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed October 12, 2024

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Summary

Belarus’s economy grew rapidly but remained vulnerable to external shocks. Under the IMF-supported program, Belarus avoided loss of output during the global recession, contained inflation, and increased gross reserves. The structural reform agenda focused on economic liberalization, a shift in investment from the housing sector to the tradable sector, a smaller role of the state, and the development of the financial sector. Post-program monitoring was proposed. Establishing a development bank to administer lending under government programs would free the central bank and commercial banks from quasi-fiscal activity.

Subject: Balance of payments, Banking, Credit, Current account deficits, Exchange rate flexibility, Exchange rates, External debt, Foreign exchange, Money

Keywords: Authority, Belarusian authorities, Belarus's economy, CR, Credit, Current account, Current account deficits, Exchange rate flexibility, Exchange rates, Foreign currency, General government balance, Global, Government program, IMF staff estimate, ISCR

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/066

  • Stock No:

    1BLREA2011001

  • ISBN:

    9781455220007

  • ISSN:

    1934-7685

Notes