Republic of Belarus : 2013 Article IV Consultation and Fourth Post-Program Monitoring Discussions.

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 (NBR...

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书目详细资料
企业作者: International Monetary Fund. European Dept
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2013.
丛编:IMF Staff Country Reports; Country Report ; No. 2013/159
在线阅读:Full text available on IMF
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520 3 |a 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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