01748cas a2200241 a 4500 AALejournalIMF013657 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484321331 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Belarus : 2013 Article IV Consultation and Fourth Post-Program Monitoring Discussions. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (57 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus (NBRB) should tighten liquidity and stand ready to take further measures to ensure disinflation. Banking supervision has improved, but high foreign exchange lending growth poses risks. Strong structural reform remains critical to achieving higher sustainable growth. The Development Bank should be used to facilitate broader financial sector reform. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/159 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/159/002.2013.issue-159-en.xml IMF e-Library