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IMF helps Belarus work out effective macroeconomic policy measures

Economy 05.11.2019 | 19:58

MINSK, 5 November (BelTA) – Technical and advisory support from the International Monetary Fund is a priority for Belarus because this support helps work out effective macroeconomic policy measures in the country. First Deputy Prime Minister of Belarus Aleksandr Turchin made the relevant statement as he met with IMF representatives led by IMF Mission Chief for Belarus Jacques Miniane, BelTA has learned.

The sides discussed a broad range of matters including prospects of interaction during annual Article IV consultations, which are supposed to take place in Q1 2020.

Aleksandr Turchin noted that nowadays Belarus pursues a balanced economic policy, with measures being taken to reduce macroeconomic risks. This is why the IMF's technical and advisory support is a high priority for the country because it helps work out effective macroeconomic policy measures.

Participants of the meeting talked about their vision of the operation of state-run enterprises and prospects of improving their work. The execution of this year's budget was discussed and the government's plans concerning the budget policy for the next year.

Summing up results of the meeting, the sides positively evaluated the dynamics of cooperation. It was stressed that an open mutually beneficial dialogue and partnership contribute to efforts to improve the effectiveness of the Belarusian economy and its gradual reformation.

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