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28 March 2024, 12:06

Lukashenko announces tougher control over National Bank

An archive photo
An archive photo
MINSK, 28 March (BelTA) – Control over the work of the National Bank will be strengthened, Belarusian President Aleksandr Lukashenko said as he was hearing a report on the performance of the banking system and measures to bolster foreign trade, BelTA has learned.

“When I appointed [Aleksandr Yegorov] deputy head of the Belarus President Administration, I said that this person is well versed in finance and banking. And it will be easier for the Administration to discuss things with the National Bank and its specialists, because we will be on the same page. We studied at the same universities. We also want the State Control Committee to join in,” said Aleksandr Lukashenko.

“As you understand, Pavel Vladimirovich [Chairman of the Board of the National Bank Pavel Kallaur], the National Bank cannot be outside the control. Control is exercised by the president, and you have probably already assumed that the appointment of new people in the financial and economic bloc means tougher control,” the president added.

Along with this, Aleksandr Lukashenko emphasized that this will not entail interference with the work of the National Bank. “It fulfills its tasks, by and large. Economic performance in the past year suggests that the economy is holding out pretty well in the difficult situation brought about by pressure from unfriendly Western states. This means that the government and the National Bank are accomplishing their tasks. Yet, this does not mean that we have no problems. We will discuss these problems openly, candidly, without resorting to the blame game,” the Belarusian leader noted.
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