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Republic of Belarus

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  • International Monetary Fund. European Dept.
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    Abstract

    The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus (NBRB) should tighten liquidity and stand ready to take further measures to ensure disinflation. Banking supervision has improved, but high foreign exchange lending growth poses risks. Strong structural reform remains critical to achieving higher sustainable growth. The Development Bank should be used to facilitate broader financial sector reform.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40666
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/159.

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    Length: 57
    Date of creation: 12 Jun 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/159

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    Postal: International Monetary Fund, Washington, DC USA
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    Related research

    Keywords: Article IV consultation reports; Fiscal policy; Wage increases; Debt sustainability; Fiscal reforms; Monetary policy; Liquidity management; Banking sector; Economic indicators; Post-program monitoring; Staff Reports; Public information notices; Belarus; external debt; current account; public debt; balance of payments; external financing; central bank; debt sustainability; current account balance; public sector debt; short-term debt; government debt; debt stock; total external debt; long-term debt; debt dynamics; domestic currency; external debt sustainability; external debt service; external borrowing; debt ratio; repurchases; debt ratios; repayments; current account deficit; external shocks; international debt; domestic debt; external obligations; domestic financing; budget balance; debt service obligations; domestic borrowing;

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