01861cas a2200241 a 4500 AALejournalIMF019011 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484389003 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Belarus : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (82 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 Belarusian economy is in a cyclical recovery, inflation is at historically low levels and the exchange rate has been broadly stable. Although macroeconomic policy frameworks have improved, there is a need to reduce deep seated vulnerabilities such as rapidly rising public debt, high dollarization, and limited trade and financing diversification. In addition, reforms of the large state-owned enterprise sector are critical to tackle inefficiencies and increase potential growth. Risks ahead are elevated; notably, Belarus could lose significant oil-related discounts and transfers due to internal tax changes in Russia, but the authorities are confident of a successful outcome to the ongoing negotiations. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/009 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/009/002.2019.issue-009-en.xml IMF e-Library