Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus

January 17, 2019

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Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus, (USA: International Monetary Fund, 2019) accessed December 21, 2024

Also available in: русский

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Summary

The Belarusian economy is in a cyclical recovery, inflation is at historically low levels and the exchange rate has been broadly stable. Although macroeconomic policy frameworks have improved, there is a need to reduce deep seated vulnerabilities such as rapidly rising public debt, high dollarization, and limited trade and financing diversification. In addition, reforms of the large state-owned enterprise sector are critical to tackle inefficiencies and increase potential growth. Risks ahead are elevated; notably, Belarus could lose significant oil-related discounts and transfers due to internal tax changes in Russia, but the authorities are confident of a successful outcome to the ongoing negotiations.

Subject: Banking, Budget planning and preparation, Credit, Economic and financial statistics, Foreign exchange, Government finance statistics, Monetary base, Money, Public debt, Public financial management (PFM)

Keywords: Action program, Belarusian authorities, Budget planning and preparation, CR, Credit, Deficit, Eastern Europe, Europe, GDP, Global, Government, Government finance statistics, ISCR, Liberalization effort, Net credit, Private sector, Regulation regime, Western Europe

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/009
Stock No:

1BLREA2019001
ISBN:

9781484389003
ISSN:

1934-7685

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