Belarus at a crossroads

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.

http://www.cps.org.uk/ http://www.cps.org.uk/

Bruegel: Policy Contribution, January 2016: Belarus at a crossroads http://bruegel.org/wp-content/uploads/2016/01/pc_2016_02.pdf

ESO: Background information: From sanctions to summits http://www.europeansources.info/record/from-sanctions-to-summits-belarus-after-the-ukraine-crisis/

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