ahead are elevated; notably, Belarus could lose significant oil-related discounts and transfers due to internal tax changes …

-dollarization framework. Belarus has a high level of loan and deposit dollarization as a result of repeated external crises and hyperinflation …. Dollarization in Belarus is much higher than many other countries, accounting for various drivers of dollarization. Dollarization …

and structural recessions. Since 2015, the Belarusian government and the National Bank of Belarus have been giving …-2018 than in the previous 24 years since 1991. As the relative welfare level in Belarus is currently 64% compared to the Central … and Eastern Europe (CEE) countries average, Belarus needs to build stronger fundaments of sustainable growth by continuing …

This 2016 Article IV Consultation highlights that the economy of Belarus contracted by 3.9 percent in 2015, with a …

to higher export potential. Belarus faces different trade regimes vis-a-vis its largest trading partner, Russia, in the … diversified. Belarus's largest revealed comparative advantages are in areas where it is difficult to move into new products …. Belarus's trade patterns are significantly more concentrated than those of peer countries. Belarus has lowered tariffs in …