TY - BOOK ID - 84545801 TI - Republic of Belarus : 2007 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Belarus. PY - 2007 SN - 1455271357 1452715254 1280920599 9786613742773 1452723664 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Fiscal policy KW - Monetary policy KW - Finance KW - Funding KW - Funds KW - Economics KW - Currency question KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Tax policy KW - Taxation KW - Finance, Public KW - Government policy KW - Belarus KW - Economic conditions KW - Banks and Banking KW - Exports and Imports KW - Macroeconomics KW - Money and Monetary Policy KW - Public Finance KW - Inflation KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Energy: Demand and Supply KW - Prices KW - International Lending and Debt Problems KW - Fiscal Policy KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Price Level KW - Deflation KW - National Government Expenditures and Related Policies: General KW - Monetary economics KW - International economics KW - Banking KW - Econometrics & economic statistics KW - Public finance & taxation KW - Energy prices KW - Credit KW - External debt KW - Money KW - Debts, External KW - Expenditures, Public KW - Belarus, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:84545801 AB - This 2007 Article IV Consultation highlights that Belarus’s centralized economy grew rapidly over the past few years, enhancing social development. The state redistributed large and growing terms-of-trade gains stemming from favorable Russian energy pricing across the economy, boosting domestic demand. A new energy agreement, however, has abruptly reversed terms-of-trade gains. Belarus now pays Russia twice as much for gas supplies as in 2006 and a fifth more as a share of world market prices for crude oil. This resulted in an estimated loss of 5½ percent of GDP in 2007. ER -