Republic of Belarus: Fourth Review Under the Stand: By Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 089

Publication date: April 2010

ISBN: 9781455204274

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Agribusiness , ISCR , CR , government , staff appraisal , statement report , passed council of Minister resolution indicating , lending , staff projection , passed council , follow-up program , Belarus's response , Oil prices , Credit , Current account deficits , Exchange rates , Global

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Summary

This paper discusses key findings of the Fourth Review Under the Stand–By Arrangement for Belarus. All end-December quantitative and continuous performance criteria and structural benchmarks were met. Discussions focused on confirming the authorities’ commitment to program objectives, including with regard to lending under government programs, and on measures to reduce or offset the effects of higher prices on oil imports. The authorities also proposed to increase domestic prices of oil products and restructure the oil refining industry to reduce the need for subsidies.