Economy in Belarus
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ALBANIA, 2016/01/02
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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BELARUS, 2015/11/08
On Saturday the suspension of most European Union targeted sanctions against Belarus came into result.
The sanctions were suspended “in response to the release of all Belarusian political prisoners on 22 August and in the context of improving EU-Belarus relations”. Ironically, the move comes a few weeks next the facade presidential election in October 2015.
The move shows that the EU's expectations of Belarus have become much lower. In the late 1990s the West expected from Belarus free and equitable elections and better respect for human rights. A regime change in Belarus looked realistic again. Twenty years later the major expectation of the European Union is not significant political changes but avoiding violence against political opponents and securing the release of political prisoners.
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BELARUS, 2015/11/08
On 26 September in New York, Alexander Lukashenka met with IMF chief Christine Lagarde. They discussed prospects for an IMF-supported programme.
According to the IMF statement “Lagarde welcomed some recent evolution in strengthening the policy framework in Belarus, but emphasised that a additional comprehensive reorientation of policies, consistently supported at the highest level, is needed to replace stability and sustainable increase”.
In fact, in the current presidential campaign Lukashenka is distancing himself from populism. Moreover, since the beginning of 2015 the Minsk's authorities have consciously conducted a conservative economic policy and slowly introduced structural reforms, despite the recession.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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BELARUS, 2013/01/01
The currency crisis of 2011 has revealed the limits of the Belarusian economic model. On the hand, it became obvious even to the majority conservative government officials that changes in economic policy are required.
On the other hand, the resurgence of oil exports in the prime half of 2012 allowed the government to avoid necessary reforms. The economy finishes this year with a low output increase rate, but fragile macroeconomic stability is completed.
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BELARUS, 2012/12/27
Belarus President Alyaksandr Lukashenka says the national currency will not be devalued after the beginning of the new year.
During a meeting with university students in Minsk on December 21, A. Lukashenka said the country's gold and foreign-currency reserves are at an all-time high and the government is prepared to take necessary measures to support the currency.
