Republic of Belarus : 2007 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Belarus

1BLREA2007002 Image
Price:  $18.00

Release Date: © September, 2007
ISBN : 978-1-45180-527-7
Stock #: 1BLREA2007002
Stock Status: On back-order

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Description

This 2007 Article IV Consultation highlights that Belarus’s centralized economy grew rapidly over the past few years, enhancing social development. The state redistributed large and growing terms-of-trade gains stemming from favorable Russian energy pricing across the economy, boosting domestic demand. A new energy agreement, however, has abruptly reversed terms-of-trade gains. Belarus now pays Russia twice as much for gas supplies as in 2006 and a fifth more as a share of world market prices for crude oil. This resulted in an estimated loss of 5½ percent of GDP in 2007.

Taxonomy

Balance of payments , Current account , Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Inflation , Monetary policy




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