## 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, May 17, 2012_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: May 17, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475503807.002

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### Summary
- 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.

### Major themes and subject coverage
- 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

### Institutional and access notes
- 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
- Citation example on page:
  - 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

*Source: 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.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-2012-article-iv-consultation-and-second-post-program-monitoring-25922_