external borrowing

The Belarusian government spent the whole year actively looking for money to sustain the collapsing socio-economic model. It was looked for everywhere: in the West and the East, in Europe, Asia and Latin America, at the IMF and EurAsEC....

21 June 2011

Chernobyl-Style Economic Policy of Belarus

The reaction of Belarus' President resembles the Soviet Union’s approach to the Chernobyl accident. At his press conference last Friday he repeated the old mantra: “No crash happened, we have everything under control, do not listen to foreign propaganda,...