The Republic of Belarus: First Post-Program Monitoring Discussions

September 13, 2011

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The Republic of Belarus: First Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2011) accessed December 21, 2024

Also available in: русский

Summary

Belarus was experiencing an economic crisis after the expiration of a Stand-By Arrangement in March 2010. Its policies were loosened significantly, and consequently the account deficit increased and pressure on reserves intensified. The authorities agreed with the Eurasian Economic Community’s Anti-Crisis Fund (ACF), which announced measures including tightening of macroeconomic policies and structural reforms. Executive Directors urged the authorities to restore external stability through further fiscal and monetary policy tightening. Directors stressed that the financial support will require demonstrated commitment to strong policies and structural reforms.

Subject: Banking, Credit, Currencies, Exchange rates, External debt, Foreign exchange, Money

Keywords: Accounts payable, Authority, Belarusian authorities, CR, Credit, Currencies, Exchange rate, Exchange rates, Executive board discussion, Global, Government finance statistics, IMF staff estimate, Investment fund share, ISCR, Policy

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/277
Stock No:

1BLREA2011004
ISBN:

9781463903008
ISSN:

1934-7685

Notes

Also Available in Russian

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