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

February 1, 2010

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2010) accessed December 22, 2024

Also available in: русский

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.

Subject: Balance of payments, Banking, Credit, Current account deficits, Exchange rates, External debt, Financial institutions, Foreign exchange, Loans, Monetary base, Money

Keywords: Belarusian authorities, Contingency measure, CR, Credit, Current account deficits, December, End-December target level, Exchange rates, Fund staff, Global, ISCR, Loans, Measure, Program objective, Vulnerability to external shocks

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/031
Stock No:

1BLREA2010002
ISBN:

9781451805345
ISSN:

1934-7685

Notes

Also Available in Russian

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