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
Release Date: © September, 2007
ISBN
: 978-1-45180-527-7
Stock #: 1BLREA2007002
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | Yes | |||||
Yes | Yes | ||||||
ePub | Yes | ||||||
Mobipocket | Yes |
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.
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Taxonomy
Balance of payments , Current account , Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Inflation , Monetary policy
More publications in this series: IMF Staff Country Reports