BELARUS NEWS AND ANALYSIS

DATE:

28/08/2009

Belarus Needs To Maintain Tight Monetary Conditions To Improve Current Account Position, Preserve Reserves: IMF

(RTTNews) - Belarus needs to maintain a tight monetary policy and contain its domestic demand in order to improve its current account balance and preserve reserves, the International Monetary Fund or IMF said in a report Thursday.

The lender said the global economic crisis exposed the country's vulnerability, with the current account registering a sizable deficit for most of the past decade, leading to extremely low international reserves.

Source:

http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&Id=1052228

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