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Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus

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  • International Monetary Fund

Abstract

The Belarusian economy is in a cyclical recovery, inflation is at historically low levels and the exchange rate has been broadly stable. Although macroeconomic policy frameworks have improved, there is a need to reduce deep seated vulnerabilities such as rapidly rising public debt, high dollarization, and limited trade and financing diversification. In addition, reforms of the large state-owned enterprise sector are critical to tackle inefficiencies and increase potential growth. Risks ahead are elevated; notably, Belarus could lose significant oil-related discounts and transfers due to internal tax changes in Russia, but the authorities are confident of a successful outcome to the ongoing negotiations.

Suggested Citation

  • International Monetary Fund, 2019. "Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus," IMF Staff Country Reports 2019/009, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2019/009
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    Cited by:

    1. Lundahl, Mats & Sjöholm, Fredrik, 2020. "Economic Challenges for East Timor," Working Papers 2020:14, Lund University, Department of Economics.
    2. Marta Halina Gebska & Piotr Lewandowski, 2022. "Geoeconomic Leaders Among the Three Seas Initiative Countries. Part 2: Research Results," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 113-132.
    3. Kireyev, Alexei & Leonidov, Andrei, 2021. "Twin trade shocks: Spillovers from US-China trade tensions," International Economics, Elsevier, vol. 167(C), pages 174-188.

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