{
  "title": "Republic of Belarus: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, May 17, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-2012-article-iv-consultation-and-second-post-program-monitoring-25922",
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  "summary": "This paper focuses on the 2012 Article IV Consultation and Second Post-Program Monitoring Discussions with Belarus. Since mid-2011, the authorities have been implementing stabilization measures.",
  "publishDate": "2012-05-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Focus: the 2012 Article IV Consultation and Second Post-Program Monitoring Discussions with Belarus.\n- Since mid-2011, the authorities have been implementing stabilization measures.\n- The financial system has weathered the 2011 crisis, and banks’ capital has been replenished with general budget resources.\n- Executive Directors have welcomed the Belarusian economy’s emergence from the 2011 crisis owing to the authorities’ commendable adjustment policies in the second half of the year.\n- Directors have also stressed the importance of ensuring consistency among the authorities’ policy goals."
    },
    {
      "heading": "Major themes and subject coverage",
      "content": "- Subject: Banking, Credit, Exchange rates, External debt, Foreign exchange, Money, Public debt\n- Keywords: balance of payments crisis, bank recapitalization expenditure, Central Asia, CR, Credit, crisis, discussion, Eastern Europe, economy, Europe, Exchange rates, executive board discussion, Global, government, IMF staff estimate, inflation-depreciation spiral, ISCR, policy"
    },
    {
      "heading": "Institutional and access notes",
      "content": "- Series: IMF Staff Country Reports\n- Related link listed on page: Republic of Belarus and the IMF\n- Access options presented: Visit the IMF eLibrary; Our eLibrary offers over 25,000 IMF publications in multiple formats.\n- Additional page features: Download PDF; More Formats on IMF eLibrary; Order a Print Copy; Create Citation; Share; Preview Citation; Copy\n- Citation example on page:\n  - International Monetary Fund. \"Republic of Belarus: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion.\", IMF Staff Country Reports 2012, 113 (2012), accessed 9/22/2026, https://doi.org/10.5089/9781475503807.002\n\nSource: Republic of Belarus: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion.\n\n---\n\n Content in this bundle\n\n- cr12113\n  - cr12113 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12113 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr12113r\n  - cr12113r (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12113r (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-2012-article-iv-consultation-and-second-post-program-monitoring-25922"
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    "Published: May 17, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475503807.002",
    "Focus: the 2012 Article IV Consultation and Second Post-Program Monitoring Discussions with Belarus.",
    "Since mid-2011, the authorities have been implementing stabilization measures.",
    "The financial system has weathered the 2011 crisis, and banks’ capital has been replenished with general budget resources.",
    "Executive Directors have welcomed the Belarusian economy’s emergence from the 2011 crisis owing to the authorities’ commendable adjustment policies in the second half of the year.",
    "Directors have also stressed the importance of ensuring consistency among the authorities’ policy goals.",
    "Subject: Banking, Credit, Exchange rates, External debt, Foreign exchange, Money, Public debt",
    "Keywords: balance of payments crisis, bank recapitalization expenditure, Central Asia, CR, Credit, crisis, discussion, Eastern Europe, economy, Europe, Exchange rates, executive board discussion, Global, government, IMF staff estimate, inflation-depreciation spiral, ISCR, policy",
    "Series: IMF Staff Country Reports",
    "Related link listed on page: Republic of Belarus and the IMF",
    "Access options presented: Visit the IMF eLibrary; Our eLibrary offers over 25,000 IMF publications in multiple formats.",
    "Additional page features: Download PDF; More Formats on IMF eLibrary; Order a Print Copy; Create Citation; Share; Preview Citation; Copy",
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