Roman Golovchenko
MINSK, 20 June (BelTA) - Finding an optimal balance in the economy is a key task for the financial bloc, Chairman of the Board of the National Bank of Belarus Roman Golovchenko said in an interview to the First News TV Channel following a discussion at a business breakfast of Sberbank of Russia held on 20 June on the sidelines of the St. Petersburg International Economic Forum, BelTA has learned.
The Russian expert, government and business communities pay special attention to finding an optimal balance between economic growth and monetary policy. “This is a very difficult management task, primarily for the government bodies of the financial and economic bloc. Today discussion offered a sufficient amount of new information, enabling us to see what sharp angles we should avoid in conducting our own monetary policy,” Roman Golovchenko said.
The event focused on key risk factors for the growth of the Russian economy. Among them is the lack of labor resources, insufficient free access to modern technologies and insufficient labor productivity, as well as factors related to the key rate of the Central Bank of Russia, which determines the conditions for business loans. Among them are relevant issues for Belarus. “We often focus on these factors with a view to finding solutions to offset their impact. Of course, no ready-made recipe was found, but the statements that we heard today are extremely useful in developing further steps. We have quite a similar structure of the economy with Russia, with the exception of mining and energy sectors,” the chairman of the Board of the National Bank of Belarus said.
The St. Petersburg International Economic Forum is a leading platform for discussing existing challenges in the global economy and mechanisms for overcoming them, ensuring sustainable development. Every year it gathers a wide range of business community and experts to establish cooperation relations, exchange the best world practices and competencies. This year’s edition features representatives of 140 countries.
The Russian expert, government and business communities pay special attention to finding an optimal balance between economic growth and monetary policy. “This is a very difficult management task, primarily for the government bodies of the financial and economic bloc. Today discussion offered a sufficient amount of new information, enabling us to see what sharp angles we should avoid in conducting our own monetary policy,” Roman Golovchenko said.
The event focused on key risk factors for the growth of the Russian economy. Among them is the lack of labor resources, insufficient free access to modern technologies and insufficient labor productivity, as well as factors related to the key rate of the Central Bank of Russia, which determines the conditions for business loans. Among them are relevant issues for Belarus. “We often focus on these factors with a view to finding solutions to offset their impact. Of course, no ready-made recipe was found, but the statements that we heard today are extremely useful in developing further steps. We have quite a similar structure of the economy with Russia, with the exception of mining and energy sectors,” the chairman of the Board of the National Bank of Belarus said.
The St. Petersburg International Economic Forum is a leading platform for discussing existing challenges in the global economy and mechanisms for overcoming them, ensuring sustainable development. Every year it gathers a wide range of business community and experts to establish cooperation relations, exchange the best world practices and competencies. This year’s edition features representatives of 140 countries.
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