Republic of Belarus: Staff Report for the 2001 Article IV Consultation

February 19, 2002

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Republic of Belarus: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This 2001 Article IV Consultation highlights that the authorities in Belarus made headway in 2001 in further liberalizing the foreign exchange market and stabilizing the exchange rate and reducing inflation. They also took steps to liberalize prices and initiate other structural reforms. At the same time, a policy of raising wages to unaffordable levels during an election year undermined progress achieved in stabilization. Significant progress was achieved under a Staff-Monitored Program, covering April 1–September 30, 2001. Monetary/exchange rate policy was implemented successfully, and the benchmarks for structural reforms were largely met.

Subject: Banking, Exchange rate unification, Exchange rates, Expenditure, Foreign exchange, Labor, Wage adjustments, Wages

Keywords: Acceptance of obligation, Authority, Belarusian authorities, CR, Exchange rate unification, Exchange rates, Government, IMF staff estimate, ISCR, Liberalization, Price liberalization, Wage adjustments, Wages, Year-on-year CPI inflation

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/023
Stock No:

1BLREA0022002
ISBN:

9781451805093
ISSN:

1934-7685

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