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Republic of Belarus 2013 Article IV Consultation and Fourth Post-Program Monitoring Discussions

The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus (NBR...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Inflation
Credit
Public Debt
Public Finance & Taxation
Monetary Economics
Currency; Foreign Exchange
Deflation
Debt Management
Debts, Public
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Debt
Exports And Imports
International Economics
International Lending And Debt Problems
Debts, External
External Debt
Money
Sovereign Debt
Price Level
Foreign Exchange
Prices
Macroeconomics
Directed Credit
Public Finance
Money And Monetary Policy
Belarus, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus (NBRB) should tighten liquidity and stand ready to take further measures to ensure disinflation. Banking supervision has improved, but high foreign exchange lending growth poses risks. Strong structural reform remains critical to achieving higher sustainable growth. The Development Bank should be used to facilitate broader financial sector reform
Physical Description:57 pages
ISBN:9781484321331

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