Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
This note examines the observance by the National Bank of the Republic of Belarus (NBRB) of the good practices on transparency in monetary policy. The transparency analysis was based on a review of relevant laws and regulations and the Internationa...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/555911468210269602/Belarus-Transparency-of-monetary-policy-and-banking-supervision-technical-note http://hdl.handle.net/10986/37389 |
| Summary: | This note examines the observance by the
National Bank of the Republic of Belarus (NBRB) of the good
practices on transparency in monetary policy. The
transparency analysis was based on a review of relevant laws
and regulations and the International Monetary Fund (IMF s)
code of good practices on transparency in monetary and
financial policies without carrying out a formal
principle-by-principle assessment. It was conducted as part
of the joint IMF-World Bank Financial Sector Assessment
Program (FSAP) mission to Belarus that took place in
November 2004. NBRB displays a satisfactory degree of
transparency in formulation and implementation of its
monetary policy although improvements are possible in
several areas. The objectives and responsibilities of the
NBRB, and the broad modalities of accountability and public
dissemination of the information, are defined in the Statute
of the National Bank of the Republic of Belarus and the
Banking Code. The monetary policy process is generally well
structured and open. In several areas, however, the NBRB
should further improve its monetary policy transparency and
accountability practices. |
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