Republic of Belarus: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; Statement by the Executive Director

Publication Date:

February 1, 2010

Electronic Access:

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

Summary:

The staff report on Belarus’ Third Review under the Stand-By Arrangement is examined. Belarus is beginning to emerge from the crisis. Output loss has been limited relative to neighbors, inflation has fallen, the foreign exchange market has stabilized, and de-dollarization is under way, which is likely a sign of returning confidence. However, the economy remains vulnerable to external shocks. The current account deficit remains high and reserves low, despite substantial support, including from the IMF. The authorities have taken measures to close a financing gap during the program period created by a shortfall in external financing.

Series:

Country Report No. 2010/031

Subject:

Notes:

Also Available in Russian

English

Publication Date:

February 1, 2010

ISBN/ISSN:

9781451805345/1934-7685

Stock No:

1BLREA2010002

Pages:

63

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