Belarus: Recent Economic Developments

International Monetary Fund

No 1999/143, IMF Staff Country Reports from International Monetary Fund

Abstract: In pursuing their economic policy, the authorities have taken advantage of the existence of excess industrial capacity and have relied on price and exchange controls in an attempt to contain inflation pressures. In spite of strong financial support, agriculture performed poorly during 1998, as a result of inclement weather conditions, lack of financial incentives to producers, and aging harvesting equipment. Industrial production expanded at an annual rate of 10 percent, and investment, at a rate of 51/2 percent.

Keywords: ISCR; CR; gross domestic product; exchange rate; first quarter; foreign currency; national bank; fund staff estimate; broad money; trade balance; current account; golden share; budget deficit; customs union; Exchange rates; Credit; Exports; Currencies; Western Europe; Baltics; Eastern Europe (search for similar items in EconPapers)
Pages: 144
Date: 2000-01-04
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