## Republic of Belarus: Fifth Post-Program Monitoring Discussions

_IMF Staff Country Reports, January 24, 2014_

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**Canonical URL:** [Republic of Belarus: Fifth Post-Program Monitoring Discussions](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-fifth-post-program-monitoring-discussions-41271)

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## Bibliographic details
- Published: January 24, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484382592.002

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### Assessment of the National Bank of the Republic of Belarus (NBRB)
- Voluntary assessment completed in April 2004 concluded there were significant vulnerabilities in the safeguards framework, especially in:
  - the legal structure and independence
  - external and internal audit
  - financial reporting
- The 2004 assessment made specific recommendations to correct identified shortcomings.

### Updated assessment in connection with the Stand-By Arrangement
- An updated assessment was completed in May 2009 in connection with the Stand-By Arrangement approved on January 12, 2009.
- The May 2009 assessment found little progress in addressing previously identified vulnerabilities.
- The assessment determined that risks have increased since the voluntary 2004 assessment and recommended several measures.
- Implementation status: Only some of the recommendations were implemented by the NBRB.

### Subjects and keywords
- Subject: Banking, Currencies, Directed credit, External debt, Foreign exchange, Money, Public debt
- Keywords: Baltics, Belarusian authorities, CR, Currencies, debt, Directed credit, Global, government, government program, IMF staff estimate, ISCR, lending, lending growth, state asset management

*Source: IMF Staff Country Report "Republic of Belarus: Fifth Post-Program Monitoring Discussions", January 24, 2014.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-fifth-post-program-monitoring-discussions-41271_