Republic of Belarus: 2007 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Belarus
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 2007 Article IV Consultation highlights that Belarus’s centralized economy grew rapidly over the past few years, enhancing social development. The state redistributed large and growing terms-of-trade gains stemming from favorable Russian energy pricing across the economy, boosting domestic demand. A new energy agreement, however, has abruptly reversed terms-of-trade gains. Belarus now pays Russia twice as much for gas supplies as in 2006 and a fifth more as a share of world market prices for crude oil. This resulted in an estimated loss of 5½ percent of GDP in 2007.
Series:
Country Report No. 2007/310
Subject:
Credit Energy prices External debt Fiscal policy Inflation Money Prices
Notes:
Also available in Russian
Frequency:
Monthly
English
Publication Date:
September 10, 2007
ISBN/ISSN:
9781451805277/1934-7685
Stock No:
1BLREA2007002
Pages:
63
Please address any questions about this title to publications@imf.org