This web page presents information about the work of the IMF in Belarus, including the activities of the IMF Resident Representative Office. Additional information can be found on the Belarus and IMF country page, including IMF reports and Executive Board documents that deal with Belarus.
IMF’s Work on Belarus
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EUROPEAN DEPARTMENT PRESS BRIEFING: ECONOMIC OUTLOOK IN EUROPE
October 13, 2023
Europe has weathered indeed well a series of unprecedented shocks, the pandemic, and then the energy crisis, which was triggered by Russia's invasion of Ukraine. What we also saw was that severe downside scenarios were avoided, and I would say this is a big accomplishment. Comparing that when we worked together in last October and the situation looked much different from today.
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IMF Executive Board Concludes 2023 Article IV Consultation with the Republic of Latvia
September 12, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Latvia. Latvia is facing an inflation shock, slow growth, and geopolitical challenges. After averaging 17.2 percent in 2022, headline inflation remained elevated at 12.3 percent y/y in May, largely driven by high energy and food price increases. Core inflation also accelerated to 12.4 percent y/y in May, as the second-round effects of energy prices were broad-based and much stronger than anticipated. The tight labor markets will continue to push up wages, thereby adding to inflationary pressures. Real GDP growth slowed to 2.8 percent in 2022 from 4.3 percent in 2021, largely reflecting lower increase in inventories and slower fixed investment growth. The government will have to continue to deal with the spillovers in the Baltic region from the Russian invasion of Ukraine and the impact of sanctions imposed on Russia and Belarus, the cost-of-living crisis, and energy security.
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Belarus: Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission
October 25, 2022
Series:Country Report No. 2022/330
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May 13, 2022
Series:Country Report No. 2022/140
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Republic of Belarus: Staff Concluding Statement of the 2021 Article IV Mission
December 20, 2021
Regional Economic Outlook
April 19, 2024
A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
Read the Report