Belarus has leverage to improve balance of payments, the head of the IMF mission says

       Belarus has the leverage to improve the balance of payments, the head of the IMF mission in Belarus David Hofman told media after the mission finished its work in Belarus.
He stressed the importance of Belarus' international reserves which are currently at approximately $8 billion. "We recommend the government to continue to increase the international reserves. This implies considerable protection in the short term,” he said.
      According to the IMF, with the current macroeconomic and structural policies “it will be difficult to maintain the current level of living standards in the future.” In this regard, the IMF recommends profound structural reforms that should lead to the improved performance of Belarusian enterprises and their competitiveness. 
      Over time this will increase productivity and profitability, which will allow increasing the wages and incomes and provide sustainable improvement in the standards of living. He admitted that such a transition is not easy. In this connection, there should be a system of targeted social protection of the population, he said.

 
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Hallo liebes Radio und ALLES GUTE zum 34.Geburtstag der deutschen Redaktion. So lange kenne ich Radio Belarus noch gar nicht, aber wenn Du liebe Jana und liebe Elena die nächsten 34 Jahre hier weiterhin am Start seit, dann bin ich es als Hörer auch, versprochen!! :-) ) LG Dietmar

Antwort:

Lieber Dietmar,

vielen Dank für Deine Glückwünsche!!
Ich bin auch nicht vom Anfang an hier. Wollen wir trotzdem so viel wie möglich zusammen bleiben! ;)
Liebe Grüße und alles Gute
Jana


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