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Testing the Waters: High-Level EBRD Delegation Visits Belarus
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The removal of sanctions against Belarus earlier this year has led to increased interest from institutional investors such as the European Bank for Reconstruction and Development (EBRD). Alain Pilloux, Acting Vice President of this major development bank visited Belarus last...
25 February 2016
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Belarus Without Sanctions: What Now?

Federika Mogherini, the EU's chief diplomat, has denied that Brussels lifted sanctions against Belarus on geopolitical grounds. Anonymously, EU officials, on the contrary, have confirmed that the decision embodied the victory of pragmatism in Brussels. For the EU, democracy in...

17 November 2015
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Are Belarusian Authorities Ready For Market Reforms?

On 3-4 November three biggest Belarusian economic think-tanks organised the Kastryčnicki Ekanamičny Forum (KEF) conference in Minsk. The third annual economic conference gathered a number of high-ranking Belarusian and foreign experts, and representatives of international institutions like the IMF...

1 October 2015
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Belarus Finally Reforms Its Economy?

On 26 September in New York, Alexander Lukashenka met with IMF chief Christine Lagarde. They discussed prospects for an IMF-supported programme. According to the IMF statement “Lagarde welcomed some recent progress in strengthening the policy framework in Belarus, but emphasised...

24 March 2015
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Belarus Chose Internal Devaluation as New Anti-Crisis Policy – Digest of Belarusian Economy

In an attempt to fixate and extend the effects of currency devaluation, the Belarusian government and the National Bank have chosen internal devaluation as its leading policy. Internal devaluation means lower incomes and a more prudent fiscal and monetary...

24 October 2013
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The Plan to Save the Economy: October Digest of Belarusian Economy

On the 10 October 2013 the government and the National Bank of Belarus issued a plan for structural reforms of the Belarusian economy aimed to increase its competitiveness.​  Faced with major threats to its macroeconomic stability and the unfortunate timing of the...