After more than a decade of strong growth, interrupted only by the 2008-2009 global financial crisis, Belarus’ economy has encountered major headwinds. Since 2012, growth has stalled, macroeconomic imbalances have intensified, and public finances have deteriorated. Unlike regional peers, the country was unable to take advantage of buoyant global demand, ample liquidity and strong risk appetite. This suggests that the causes for this disappointing...
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2020/06/30
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2020/11/23
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Strengthening the Equity, Efficiency and Effectiveness of Social Expenditures in Belarus