European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Context: Program Achievements and Economic Prospects; II. Recent Developments and Program Implementation; Boxes; 1. Banking System Stress Tests; III. Policy Discussions on the Program for 2009; 2. The Exchange Rate Regime in Belarus; IV. Policy Discussions on the Program for 2010; A. Macroeconomic Outlook and Risks; B. Credit and Monetary Policy; C. Fiscal Policy; D. Financial Sector Issues; E. Other Structural Reforms; V. Program Issues and Capacity to Repay; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2007-14; 2. Balance of Payments, 2007-14
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (64 p.)
Specific Material Designation
Form Of Item

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