Republic of Belarus: Fifth Post-Program Monitoring Discussions
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This Informational Annex highlights a voluntary assessment of the National Bank of the Republic of Belarus (NBRB) completed in April 2004. It concluded that there were significant vulnerabilities in the safeguards framework, especially in the legal structure and independence, external and internal audit, and financial reporting. The assessment made specific recommendations to correct the identified shortcomings. An updated assessment of the NBRB, which was completed in May 2009 in connection with the Stand-By Arrangement approved on January 12, 2009, found little progress in addressing previously identified vulnerabilities. The assessment determined that risks have increased since the voluntary 2004 assessment and recommended several measures. Only some of the recommendations were implemented by the NBRB.
Series:
Country Report No. 2014/018
Subject:
Banking Currencies Directed credit External debt Foreign exchange Money Public debt
Notes:
English
Publication Date:
January 24, 2014
ISBN/ISSN:
9781484382592/1934-7685
Stock No:
1BLREA2014001
Pages:
63
Please address any questions about this title to publications@imf.org