European Parliament Library

Republic of Belarus :, 2011 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Belarus’s economy grew rapidly but remained vulnerable to external shocks. Under the IMF-supported program, Belarus avoided loss of output during the global recession, contained inflation, and increased gross reserves. The structural reform agenda focused on economic liberalization, a shift in investment from the housing sector to the tradable sector, a smaller role of the state, and the development of the financial sector. Post-program monitoring was proposed. Establishing a development bank to administer lending under government programs would free the central bank and commercial banks from quasi-fiscal activity
Table Of Contents
Cover; Contents; I. A Time of Uncertainty; II. The Recent History; III. Outlook and Immediate Challenges; IV. Key Challenges Beyond The Short Term: What Should Belarus's Economy Look Like in 2015?; A. Strengthening Policies to Attain External Sustainability; B. Improving Long-Term Growth Potential through Structural Reforms and Productivity-Enhancing Investment; C. Reducing the Fiscal Burden and Curbing Expensive Subsidy Programs; D. Reforming the Banking Sector to Improve Financial Intermediation; V. Relationship with the Fund; VI. Staff Appraisal; Boxes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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