| Description |
1 online resource (63 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 14/226 |
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IMF country report ; no. 14/226.
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| Contents |
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy: Containing Lending Programs and Wages to Curb Demand; BOXES; 1. Possible Spillovers from Regional Geopolitical Tensions; 2. Wage Setting: The Role of the Government; B. Monetary Policy: Reducing External Imbalances and Inflation; 3. External Stability Assessment; C. Banking Sector: Safeguarding Stability and Curbing Dollarization; 4. Potential Impact of Exchange Rate Depreciation; D. Structural Reform: Raising Sustainable Growth; 5. Key Recommendations from Joint World Bank-IMF Mission |
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5. General Government Accounts, GFSM2001 Presentation, 2011-136. Monetary Authorities'' Accounts (Baseline Scenario), 2011-19; 7. Monetary Survey (Baseline Scenario), 2011-19; 8. Capacity to Repay the Fund (Baseline Scenario), 2012-19; 9. Indicators of External Vulnerability, 2009-13; APPENDICES; I. Implementation of Past IMF Policy Recommendations; II. Risk Assessment Matrix; III. External Debt Sustainability Framework, 2009-19; IV. Public Sector Debt Sustainability Analysis; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; STATISTICAL ISSUES (AS OF APRIL 1, 2014) |
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CAPACITY TO REPAY AND FUND RELATIONSSTAFF APPRAISAL; FIGURES; 1. Real Sector Developments, 2002-14; 2. External Sector, 2010-14; 3. Inflation and Wage Developments, 2010-14; 4. Baseline and Adjustment Scenarios, 2012-19; 5. Fiscal Developments, 2008-13; 6. Monetary Developments, 2011-14; TABLES; 1. Selected Economic Indicators (Baseline Scenario), 2011-19; 2. Balance of Payments (Baseline Scenario), 2011-19; 3. Selected Economic Indicators (Adjustment Scenario), 2011-19; 4. Fiscal Indicators and Projections (Baseline Scenario), 2011-19 |
| Summary |
"Attempts to boost activity with policy stimulus, in lieu of much-needed structural reform, have failed to raise growth and contributed to large external imbalances. Adverse developments in the region further cloud the outlook. High financing needs and low buffers leave Belarus highly dependent on external financial support. The risk of disorderly adjustment remains high. Challenges: Mitigating immediate risks and facilitating external adjustment through a sharp change in macroeconomic policies. Advancing the transition to a market-based economy to raise sustainable growth. Policy recommendations: Halt wage increases and reduce subsidized lending to slow demand growth; Reduce foreign exchange interventions and tighten monetary policy to facilitate external adjustment; Enhance market orientation of the economy through a rapid phase-out of price controls and mandatory targets and by privatization of state-owned enterprises"--Abstract |
| Notes |
"July 2014." |
|
"June 6, 2014"--Page 2 of pdf |
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Online resource; title from pdf title page (IMF Web site, viewed July 25, 2014) |
| Subject |
International Monetary Fund -- Belarus
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Banks and banking -- Belarus
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Dollarization -- Belarus
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Economic development -- Belarus
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Economic indicators -- Belarus
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Fiscal policy -- Belarus
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Monetary policy -- Belarus
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Structural adjustment (Economic policy) -- Belarus
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Banks and banking
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Dollarization
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Economic development
|
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Economic indicators
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Fiscal policy
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Monetary policy
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Structural adjustment (Economic policy)
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Balance of Payments.
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Current Account Balance.
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Current Account.
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Exchange Rate.
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External Debt.
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Belarus
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Belarus.
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| Form |
Electronic book
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| Author |
International Monetary Fund, issuing body.
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| ISBN |
1498383351 |
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9781498383356 |
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