Republic of Belarus: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion.

May 17, 2012

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Republic of Belarus: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion., (USA: International Monetary Fund, 2012) accessed November 27, 2024

Also available in: русский

Summary

This paper focuses on the 2012 Article IV Consultation and Second Post-Program Monitoring Discussions with Belarus. Since mid-2011, the authorities have been implementing stabilization measures. The financial system has weathered the 2011 crisis, and banks’ capital has been replenished with general budget resources. Executive Directors have welcomed the Belarusian economy’s emergence from the 2011 crisis owing to the authorities’ commendable adjustment policies in the second half of the year. Directors have also stressed the importance of ensuring consistency among the authorities’ policy goals.

Subject: Banking, Credit, Exchange rates, External debt, Foreign exchange, Money, Public debt

Keywords: Balance of payments crisis, Bank recapitalization expenditure, Central Asia, CR, Credit, Crisis, Discussion, Eastern Europe, Economy, Europe, Exchange rates, Executive board discussion, Global, Government, IMF staff estimate, Inflation-depreciation spiral, ISCR, Policy

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/113
Stock No:

1BLREA2012001
ISBN:

9781475503807
ISSN:

1934-7685

Notes

Also Available in Russian

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