Republic of Belarus: 2011 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

March 9, 2011

Preview Citation

Format: Chicago

Republic of Belarus: 2011 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Also available in: русский

Summary

Belarus’s economy grew rapidly but remained vulnerable to external shocks. Under the IMF-supported program, Belarus avoided loss of output during the global recession, contained inflation, and increased gross reserves. The structural reform agenda focused on economic liberalization, a shift in investment from the housing sector to the tradable sector, a smaller role of the state, and the development of the financial sector. Post-program monitoring was proposed. Establishing a development bank to administer lending under government programs would free the central bank and commercial banks from quasi-fiscal activity.

Subject: Balance of payments, Banking, Credit, Current account deficits, Exchange rate flexibility, Exchange rates, External debt, Foreign exchange, Money

Keywords: Authority, Belarusian authorities, Belarus's economy, CR, Credit, Current account, Current account deficits, Exchange rate flexibility, Exchange rates, Foreign currency, General government balance, Global, Government program, IMF staff estimate, ISCR

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/066
Stock No:

1BLREA2011001
ISBN:

9781455220007
ISSN:

1934-7685

Notes

Also available in Russian

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