Republic of Belarus : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Belarus

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

December 18, 2017

Electronic Access:

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

Summary:

The Belarusian economy is recovering after two years of recession, helped by a more favorable external environment, better policies, and stronger domestic demand conditions. Near-term external financing pressures have eased following energy and financing agreements with Russia and a Eurobond issuance. Although key macroeconomic and financial policy frameworks have improved somewhat, much work lies ahead to support the authorities’ ambitious economic objectives through 2020 without increasing imbalances, and to reduce vulnerabilities. External and public debt are high, medium-term financing needs are significant, and corporate and bank balance sheets are weak. Key structural reforms in the real sector are proceeding at a gradual pace amidst a desire to preserve the state’s strong role in the economy and support of the existing social system. Policy recommendations.

Series:

Country Report No. 17/383

Subject:

English

Publication Date:

December 18, 2017

ISBN/ISSN:

9781484333273/1934-7685

Stock No:

1BLREA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

94

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