The Republic of Belarus: First Post-Program Monitoring Discussions

International Monetary Fund

No 2011/277, IMF Staff Country Reports from International Monetary Fund

Abstract: Belarus was experiencing an economic crisis after the expiration of a Stand-By Arrangement in March 2010. Its policies were loosened significantly, and consequently the account deficit increased and pressure on reserves intensified. The authorities agreed with the Eurasian Economic Community’s Anti-Crisis Fund (ACF), which announced measures including tightening of macroeconomic policies and structural reforms. Executive Directors urged the authorities to restore external stability through further fiscal and monetary policy tightening. Directors stressed that the financial support will require demonstrated commitment to strong policies and structural reforms.

Keywords: ISCR; CR; investment fund share; exchange rate; policy; authority; Belarusian authorities; IMF staff estimate; executive board discussion; accounts payable; government finance statistics; Exchange rates; Currencies; Credit; Global (search for similar items in EconPapers)
Pages: 58
Date: 2011-09-13
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25227 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2011/277

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().