Belarus: Recent Economic Developments

International Monetary Fund

No 1998/108, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Republic of Belarus during 1996–98. Since 1996, the Belarusian authorities have sought to revive economic activity and raise living standards through the rapid expansion of credit and policies aimed at accelerating export growth, particularly to Russia. These policies led to the acceleration of officially measured economic growth, from close to 3 percent in 1996 to 10½ percent in 1997 and 12 percent during the first quarter of 1998 (year over year).

Keywords: ISCR; CR; U.S. dollar; first quarter; exchange rate; State budget; foreign exchange; trade balance; capital investment; fund staff estimate; Belarussian authority; minimum wage; Commercial banks; Credit; Exports; Directed credit; Baltics (search for similar items in EconPapers)
Pages: 183
Date: 1998-10-28
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