Belarus Needs to Narrow Current Account Deficit, IMF Says
This article is for subscribers only.
The International Monetary Fund urged authorities in Belarus to curtail government spending and to increase interest rates to narrow the country’s current account deficit.
The Washington-based IMF, which forecast growth of 6.9 percent in the nation this year, said that a “relaxation of macroeconomics policies” has spurred domestic demand, leading to a current account shortfall of about 16 percent of gross domestic product.