## Belarus: Recent Economic Developments

_IMF Staff Country Reports, November 17, 1997_

## Source details

**Canonical URL:** [Belarus: Recent Economic Developments](https://www.imf.org/en/publications/cr/issues/2016/12/30/belarus-recent-economic-developments-2427)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/belarus-recent-economic-developments-2427/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/belarus-recent-economic-developments-2427/index.json)
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## Bibliographic details
- Published: November 17, 1997
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805024.002

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### 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, 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.

### Key findings and developments
- Major liberalization measures implemented: late 1994 and early 1995.
- Inflation trajectory: high in 1993–94; brought down following 1994–95 measures.
- Policy reversal: relaxation of macroeconomic policies beginning in the second half of 1995.
- Exchange rate outcome: 1996 exchange rate policy led to significant appreciation of the Belarusian currency versus the U.S. dollar.

### Thematic coverage and keywords
- Subject areas: 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

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## Content in this bundle

- **Republic of Belarus - Recent Economic Developments - ISCR/97/111**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/belarus-recent-economic-developments-2427_