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Republic of Belarus: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; Statement by the Executive Director

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  • International Monetary Fund

Abstract

The staff report on Belarus’ Third Review under the Stand-By Arrangement is examined. Belarus is beginning to emerge from the crisis. Output loss has been limited relative to neighbors, inflation has fallen, the foreign exchange market has stabilized, and de-dollarization is under way, which is likely a sign of returning confidence. However, the economy remains vulnerable to external shocks. The current account deficit remains high and reserves low, despite substantial support, including from the IMF. The authorities have taken measures to close a financing gap during the program period created by a shortfall in external financing.

Suggested Citation

  • International Monetary Fund, 2010. "Republic of Belarus: Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; Statement by the Executive Director," IMF Staff Country Reports 2010/031, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/031
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23589
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    Cited by:

    1. Paul J. J. Welfens, 2016. "Overcoming the euro crisis and prospects for a political union," International Economics and Economic Policy, Springer, vol. 13(1), pages 59-103, January.
    2. Paul Welfens, 2011. "From the transatlantic banking crisis to the euro crisis?," International Economics and Economic Policy, Springer, vol. 8(1), pages 15-29, April.
    3. Maka Chitanava & Maya Grigolia & Lasha Labadze, 2011. "Public Expenditures on Education and Health in Georgia before and during the Global Crisis," CASE Network Reports 0101, CASE-Center for Social and Economic Research.
    4. Colin Busby & William B.P. Robson, 2011. "Impulse Spending: Canada's 2011 Fiscal Accountability Rankings," C.D. Howe Institute Backgrounder, C.D. Howe Institute, issue 142, September.

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