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 …

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 …

The last decade in Belarus was marked by an average economic growth rate of close to 8 percent annually and an …. Macroeconomic adjustment which effectively combats the sources of external imbalances in Belarus is a critical and necessary, but … support the underdeveloped private sector and the services sector. By successfully overcoming these challenges, Belarus will …