European Parliament Library

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 (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
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; BOXES; 1. External Stability Assessment; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Ensuring Sound Fiscal Policies: Containing Directed Lending and Wages; B. Monetary and Exchange Rate Policy: Focusing on Price Stability; C. Banking Sector Vulnerabilities; D. Structural Reform: Boosting Potential Growth and Competitiveness; 2. Recommended Structural Reform Measures; CAPACITY TO REPAY AND FUND RELATIONS; STAFF APPRAISAL; FIGURES; 1. Real Sector Developments, 2008-12; 2. Inflation and Wage Developments, 2010-13; 3. External Sector, 2008-13
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (58 p.)
Specific Material Designation
Form Of Item

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