European Parliament Library

Republic of Belarus :, Fifth Post-Program Monitoring Discussions

This Informational Annex highlights a voluntary assessment of the National Bank of the Republic of Belarus (NBRB) completed in April 2004. It concluded that there were significant vulnerabilities in the safeguards framework, especially in the legal structure and independence, external and internal audit, and financial reporting. The assessment made specific recommendations to correct the identified shortcomings. An updated assessment of the NBRB, which was completed in May 2009 in connection with the Stand-By Arrangement approved on January 12, 2009, found little progress in addressing previously identified vulnerabilities. The assessment determined that risks have increased since the voluntary 2004 assessment and recommended several measures. Only some of the recommendations were implemented by the NBRB
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. Monetary Policy; C. Banking Sector Policies; D. Structural Policies; CAPACITY TO REPAY AND FUND RELATIONS; STAFF APPRAISAL; FIGURES; 1. Real Sector Developments, 2008-13; 2. Inflation and Wage Developments, 2010-13; 3. External Sector, 2008-13; 4. Baseline and Adjustment Scenarios, 2012-18; 5. Fiscal Developments, 2008-13; 6. Monetary Developments, 2010-13; TABLES; 1. Selected Economic Indicators (Baseline Scenario), 2011-18; 2. Balance of Payments (Baseline Scenario), 2011-18
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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