Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus

International Monetary Fund

No 2019/009, IMF Staff Country Reports from International Monetary Fund

Abstract: The Belarusian economy is in a cyclical recovery, inflation is at historically low levels and the exchange rate has been broadly stable. Although macroeconomic policy frameworks have improved, there is a need to reduce deep seated vulnerabilities such as rapidly rising public debt, high dollarization, and limited trade and financing diversification. In addition, reforms of the large state-owned enterprise sector are critical to tackle inefficiencies and increase potential growth. Risks ahead are elevated; notably, Belarus could lose significant oil-related discounts and transfers due to internal tax changes in Russia, but the authorities are confident of a successful outcome to the ongoing negotiations.

Keywords: ISCR; CR; government; deficit; GDP; Belarusian authorities; action program; private sector; liberalization effort; regulation regime; net credit; Credit; Budget planning and preparation; Government finance statistics; Europe; Global; Eastern Europe; Western Europe (search for similar items in EconPapers)
Pages: 82
Date: 2019-01-17
New Economics Papers: this item is included in nep-cis and nep-mac
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