Republic of Belarus: 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement-Staff Report Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Press Release

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 333

Publication date: December 2009

ISBN: 9781451805321

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English
Russian

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , September , reform effort , policy , draft decree , anti-crisis fund , end-December NIR , policy development loan , government program , privatization agency , Exchange rates , Credit , Currencies , Current account deficits , Government debt management , Global

Also of interest

Nepal

Republic of Congo : 2001 Article IV

Peru

Malawi

Summary

This 2009 Article IV Consultation highlights that Belarus has so far escaped a significant fall in output, despite a sharp fall in external demand. GDP declined 0.5 percent year over year in the first eight months of 2009, comparing favorably to Belarus’ main trading partners. Economic activity has been bolstered by strong domestic demand, especially for housing construction financed under government programs. Executive Directors have applauded the authorities’ commitment to a tight fiscal policy, with revenue shortfalls being offset by spending restraint while protecting priority social spending.