Republic Of Belarus: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/214, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation reports that Belarus experienced strong economic growth in 2004, supported by policies aimed at raising incomes and credit, and a favorable external environment. Inflation was halved during 2004, and slowed down further to 11 percent in April 2005, aided by a balanced budget, exchange rate stability, and continued remonetization. Although the economy’s current momentum is likely to result in significant growth in 2005, its long-term prospects are uncertain in the absence of wide-ranging structural reforms and a phasing out of massive quasi-fiscal activities.

Keywords: ISCR; CR; state; Belarus economy; Belarusian authorities; authority; fund advice; banking system; fund mission; growth forecast; Monetary base; Currencies; Europe; Western Europe (search for similar items in EconPapers)
Pages: 57
Date: 2005-06-28
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