Republic of Belarus: Fifth Post-Program Monitoring Discussions

January 24, 2014

Preview Citation

Format: Chicago

Republic of Belarus: Fifth Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2014) accessed November 27, 2024

Also available in: русский

Summary

This Informational Annex highlights a voluntary assessment of the National Bank of the Republic of Belarus (NBRB) completed in April 2004. It concluded that there were significant vulnerabilities in the safeguards framework, especially in the legal structure and independence, external and internal audit, and financial reporting. The assessment made specific recommendations to correct the identified shortcomings. An updated assessment of the NBRB, which was completed in May 2009 in connection with the Stand-By Arrangement approved on January 12, 2009, found little progress in addressing previously identified vulnerabilities. The assessment determined that risks have increased since the voluntary 2004 assessment and recommended several measures. Only some of the recommendations were implemented by the NBRB.

Subject: Banking, Currencies, Directed credit, External debt, Foreign exchange, Money, Public debt

Keywords: Baltics, Belarusian authorities, CR, Currencies, Debt, Directed credit, Global, Government, Government program, IMF staff estimate, ISCR, Lending, Lending growth, State asset management

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/018
Stock No:

1BLREA2014001
ISBN:

9781484382592
ISSN:

1934-7685

Notes

Also Available in Russian

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