Belarusian Monthly Economic Review, №12(111), December 2011 (PDF/124Kb) [16/12/2011]
Declaration on Eurasian integration was signed.
Continued slowdown of GDP growth.
Exports’ to Russia growth rate is decelerating.
Foreign currency deposits’ growth.
PP/04/2011 Sustainability of External Debt in Belarus: Analysis and Policy Recommendations (PDF/171Kb) [16/12/2011]
Shymanovich, G., Kirchner, R.
Faced with persistent external imbalances over the last couple of years, Belarus responded to these developments with a rapid build-up of its external debt stock. It grew in USD terms by more than 4 times over 2007-2010, from USD 6.8 bn in the beginning of 2007 to 28.4 bn in the end of 2010. The current level of external debt and the speed of change over the recent past raise immediately the question of debt sustainability in Belarus, i.e. the ability of the country to meet its current and future debt service obligations in full without negative consequences to its economic development. In this paper, we discuss a number of possible approaches and indicators to assess debt sustainability, both by domestic and international standards, and apply them to the concrete context of Belarus.
Belarusian Macroeconomic Forecast, №2(3), November 2011 (PDF/103Kb) [29/11/2011]
Adjusting to a new environment: Decrease in domestic demand and improvement of net exports.
Inflation is the priority challenge for monetary policy.
Fiscal policy tightening.
Current account: Spectacular Improvement.
Capital and financial account: Balance will narrow in 2011 and slightly increase in 2012.
Belarusian Monthly Economic Review, №11(110), November 2011 (PDF/120Kb) [16/11/2011]
Lukashenko supported the Eurasian Union idea.
Domestic demand shrinkage.
Fiscal policy tightening.
Negative impact of devaluation on the banking sector.
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