CASE Policy Briefs, Crisis, Eastern Europe, Caucasus and Central Asia, Financial sector, Institutional reforms, Macroeconomics and macroeconomic policy

Will IMF Intervention Help Belarus Solve Its Old Problems?

On May 31, 2011 the Government and National Bank of Belarus (NBB) announced that they would ask for a new stand-by loan from the IMF. The requests for external assistance followed several unsuccessful government attempts to overcome the serious macroeconomic crisis that has been developing in the country since the beginning of 2010. A key question arises, can external loans help Belarus to overcome its current crisis?