Republic of Belarus
AbstractThe 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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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/159.
Date of creation: 12 Jun 2013
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Postal: International Monetary Fund, Washington, DC USA
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