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09 December 2021, 09:45

Belarusian MPs, IMF virtual mission discuss challenges, prospects for economic development

MINSK, 9 December (BelTA) – Members of the House of Representatives met with the virtual mission of the International Monetary Fund on 8 December, BelTA has learned.

"The International Monetary Fund and the Republic of Belarus maintain regular ties. The parties conduct annual consultations to review the current economic situation and discuss the recommendations of the IMF mission to improve the macroeconomic and structural policy in order to maintain the financial and economic stability in the country," said Vitaly Vasyukov, Deputy Chairman of the Standing Commission on Budget and Finance of the House of Representatives.

According to him, the IMF assistance programs are implemented on an ongoing basis with an aim to improve approaches to the monetary and fiscal policies.

“At our meeting we discussed the challenges and prospects for economic development, the preparation and execution of the national budgets for 2021 and for 2022 and the medium term, the strategy for struggling state-owned enterprises, changes in the social protection system, including targeted support programs. Naturally, at a time of the pandemic, we also considered the additional budget expenses, the impact on the budget and the sources of financing to combat the pandemic this year and next year. We also touched on the impact of the sanctions on enterprises. We looked into these issues and discussed the approaches to further stabilize the economy," the MP added.

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