Belarus at a crossroads

Author (Person)
Series Title
Series Details 21.01.16
Publication Date 21/01/2016
Content Type

Despite the slow pace of market reforms, the Belarusian economy recorded quite impressive growth until recently. However the Belarus growth ‘miracle’ cannot be continued, and the reforms that are needed might be difficult to implement. The potential hardship facing Belarus could be at least partly cushioned by external assistance.

Unless the government ups its game in political and human rights reforms, which won't come without confrontation, it can expect no further assistance from the EU or IMF, and will see increasing price distortions and use of the black foreign exchange market.

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Related Links
Bruegel: Policy Contribution, January 2016: Belarus at a crossroads
ESO: Background information: From sanctions to summits

Countries / Regions