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.

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Year of publication:	2013-06-12
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Fiscal policy \| Wage increases \| Debt sustainability \| Fiscal reforms \| Monetary policy \| Liquidity management \| Banking sector \| Economic indicators \| Post-program monitoring \| Staff Reports \| Public information notices \| Belarus \| external debt \| current account \| public debt \| balance of payments \| external financing \| central bank \| debt sustainability \| current account balance \| public sector debt \| short-term debt \| government debt \| debt stock \| total external debt \| long-term debt \| debt dynamics \| domestic currency \| external debt sustainability \| external debt service \| external borrowing \| debt ratio \| repurchases \| debt ratios \| repayments \| current account deficit \| external shocks \| international debt \| domestic debt \| external obligations \| domestic financing \| budget balance \| debt service obligations \| domestic borrowing

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 13/159 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242991