Republic of Belarus, Country Economic Memorandum
Author :
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Page : pages
File Size : 35,75 MB
Release : 1993
Category : Belarus
ISBN :
Author :
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Page : pages
File Size : 35,75 MB
Release : 1993
Category : Belarus
ISBN :
Author :
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Page : pages
File Size : 16,49 MB
Release : 2005
Category : Electronic book
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Page : pages
File Size : 46,58 MB
Release : 2005
Category : Electronic book
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Author : Weltbank
Publisher :
Page : pages
File Size : 43,75 MB
Release : 2012
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ISBN :
This Country Economic Memorandum (CEM) for the Republic of Belarus takes stock of the growth trends in the country's economy since 1996, reviews the evidence of the accumulated challenges and risks within the existing growth patterns, and provides recommendations aimed at strengthening growth sustainability. In sum, while economic growth in the last nine years has been impressive, the report argues that maintaining the current growth strategy would lead to a gradual erosion of economic competitiveness. The government should make significant policy adjustments by reorienting its policies toward ensuring a better business environment, and a smaller sized government. Current international and domestic environment are favorable for supporting a policy shift toward the acceleration of structural reforms. At the moment, the government is well equipped to mitigate the potential costs of these reforms, because the policy settings are largely determined by the growing economy, the positive trends in both the enterprise and the household sectors, favorable developments in the global economy, low debt, and the strong administrative capacity of the state. This situation could change: various pressures might become stronger, and then these same reforms would become politically more costly, and fiscally more risky. In short, the current window of opportunity should be used to ensure that the authorities' growth and poverty objectives are sustainable in the medium to long terms. The analysis in this report has documented a significant and broad-based growth, while pointing to the erosion of several important factors that have driven this growth recently. The Belarusian economy is facing a considerable risk of declining competitiveness. To sustain growth, a significant policy adjustment is necessary to enhance market discipline, and encourage new business entry.
Author : Weltbank
Publisher :
Page : pages
File Size : 35,84 MB
Release : 2012
Category :
ISBN :
This Country Economic Memorandum (CEM) for the Republic of Belarus takes stock of the growth trends in the country's economy since 1996, reviews the evidence of the accumulated challenges and risks within the existing growth patterns, and provides recommendations aimed at strengthening growth sustainability. In sum, while economic growth in the last nine years has been impressive, the report argues that maintaining the current growth strategy would lead to a gradual erosion of economic competitiveness. The government should make significant policy adjustments by reorienting its policies toward ensuring a better business environment, and a smaller sized government. Current international and domestic environment are favorable for supporting a policy shift toward the acceleration of structural reforms. At the moment, the government is well equipped to mitigate the potential costs of these reforms, because the policy settings are largely determined by the growing economy, the positive trends in both the enterprise and the household sectors, favorable developments in the global economy, low debt, and the strong administrative capacity of the state. This situation could change: various pressures might become stronger, and then these same reforms would become politically more costly, and fiscally more risky. In short, the current window of opportunity should be used to ensure that the authorities' growth and poverty objectives are sustainable in the medium to long terms. The analysis in this report has documented a significant and broad-based growth, while pointing to the erosion of several important factors that have driven this growth recently. The Belarusian economy is facing a considerable risk of declining competitiveness. To sustain growth, a significant policy adjustment is necessary to enhance market discipline, and encourage new business entry.
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Page : pages
File Size : 45,97 MB
Release : 2012
Category : Electronic book
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Page : 0 pages
File Size : 43,73 MB
Release : 1997
Category : Belarus
ISBN :
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 156 pages
File Size : 25,72 MB
Release : 1997-11-17
Category : Business & Economics
ISBN : 1451805020
This paper reviews economic developments in the Republic of Belarus during the 1990s. In late 1994 and early 1995, the Belarusian authorities took major steps to further liberalize the economy and bring down inflation from the high levels of 1993–94. By the second half of 1995, however, macroeconomic policies began to be relaxed and structural reform came to a virtual standstill. The relaxation of monetary policy was accompanied by an exchange rate policy in 1996, which caused the Belarusian currency to continue to appreciate significantly against the U.S. dollar.
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Page : 150 pages
File Size : 49,95 MB
Release : 1999
Category : Banks and banking
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Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 88 pages
File Size : 31,34 MB
Release : 2017-12-18
Category : Business & Economics
ISBN : 1484333284
The paper considers the relatively low level of diversification of Belarusian exports relative to peers, and barriers to higher export potential. Belarus faces different trade regimes vis-à-vis its largest trading partner, Russia, in the framework of the Eurasian Economic Union (EEU); and its second-largest, the European Union (EU). The paper discusses tariff and nontariff barriers within the EEU; the more restrictive trade relations with the EU; and other potential barriers to trade, including logistics and limited trade facilitation. WTO accession would help improve export competitiveness. Further EEU integration could also boost trade potential, but with the attendant risk that trading links become more concentrated rather than diversified. Belarus’s largest revealed comparative advantages are in areas where it is difficult to move into new products. Belarus’s trade patterns are significantly more concentrated than those of peer countries. Belarus has lowered tariffs in recent years, including in the framework of the Eurasian Economic Union (EEU).