Belarus: Recent Economic Developments

International Monetary Fund

No 1996/099, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Republic of Belarus during 1994–96. After several years of efforts at structural reform and stabilization during which little progress was made, following presidential elections in mid-1994, the authorities adopted a wide-ranging adjustment program aimed at reducing inflation, increasing the market orientation of the economy, and creating the conditions for a resumption of economic growth. The reform program was reinforced in the first half of 1995, and key macroeconomic data for 1995 show that the program has had some success.

Keywords: ISCR; CR; U.S. dollar; first quarter; foreign exchange; exchange rate; national bank; local government; consumer price index; Belarussian authorities; capital investment; working capital; Credit; Commercial banks; Arrears; Europe; Western Europe; Global (search for similar items in EconPapers)
Pages: 168
Date: 1996-09-23
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