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Republic Of Belarus: Staff Report for the 2005 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2005 Article IV Consultation reports that Belarus experienced strong economic growth in 2004, supported by policies aimed at raising incomes and credit, and a favorable external environment. Inflation was halved during 2004, and slowed down further to 11 percent in April 2005, aided by a balanced budget, exchange rate stability, and continued remonetization. Although the economy’s current momentum is likely to result in significant growth in 2005, its long-term prospects are uncertain in the absence of wide-ranging structural reforms and a phasing out of massive quasi-fiscal activities.

Suggested Citation

  • International Monetary Fund, 2005. "Republic Of Belarus: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/214, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/214
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18363
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    Cited by:

    1. Mr. Mark J Flanagan & Mr. Felix Hammermann, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," IMF Working Papers 2007/189, International Monetary Fund.
    2. Hammermann, Felix & Flanagan, Mark, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," Kiel Working Papers 1373, Kiel Institute for the World Economy (IfW Kiel).

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