Bank GPB (JSC) issued a press release following the visit of Gulnara Khaidarshina, Deputy Head of Research Department, to the Republic of Belarus. The release confirms a positive view on economic recovery of Belarus:
“In the run-up to the 5th roundtable conference “Debt Market of the Republic of Belarus” conducted by Cbonds on March 19, we traveled to Minsk and met with the National Bank and the Finance Ministry of the Republic of Belarus. Our meetings were focused on discussion of monetary, debt and fiscal policy, sources for government debt redemption, and the situation on the local FX and money markets. The Minsk meetings underpinned our constructive view on the prospects for economic recovery in Belarus this year.”
In particular, the release reports that representatives of the National Bank of the Republic of Belarus elaborated on operating guidance for monetary policy, emphasized the temporary nature of the accelerating inflation and outlined factors in the stabilization of the local FX market. The meeting with the Ministry of Finance of the Republic of Belarus confirmed the sufficiency of resources to service external public debt in the medium term.
Read the full version of press release (PDF)