Republic of Belarus: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion.

This paper focuses on the 2012 Article IV Consultation and Second Post-Program Monitoring Discussions with Belarus. Since mid-2011, the authorities have been implementing stabilization measures. The financial system has weathered the 2011 crisis, and banks' capital has been replenished with general budget resources. Executive Directors have welcomed the Belarusian economy's emergence from the 2011 crisis owing to the authorities' commendable adjustment policies in the second half of the year. Directors have also stressed the importance of ensuring consistency among the authorities' policy goals.
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Volume/Issue: Volume 2012 Issue 113
Publication date: May 2012
ISBN: 9781475503807
$18.00
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Business and Economics , Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , discussion , policy , economy , crisis , government , inflation-depreciation spiral , bank recapitalization expenditure , IMF staff estimate , balance of payments crisis , executive board discussion , Exchange rates , Credit , Global , Eastern Europe , Central Asia , Europe

Summary

This paper focuses on the 2012 Article IV Consultation and Second Post-Program Monitoring Discussions with Belarus. Since mid-2011, the authorities have been implementing stabilization measures. The financial system has weathered the 2011 crisis, and banks’ capital has been replenished with general budget resources. Executive Directors have welcomed the Belarusian economy’s emergence from the 2011 crisis owing to the authorities’ commendable adjustment policies in the second half of the year. Directors have also stressed the importance of ensuring consistency among the authorities’ policy goals.