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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Main Author:	World Bank
Format:	Brief
Language:	English en_US
Published:	Washington, DC : World Bank 2022
Subjects:	MONETARY POLICY TRANSPARENCY FINANCIAL SYSTEMS LAWS AND REGULATIONS ACCOUNTABILITY MECHANISMS INSTITUTIONAL FRAMEWORK AUTONOMY POLICY DECISIONS PUBLIC INFORMATION ACCESS CONFIDENTIAL INFORMATION LEGAL PROTECTION
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

id	okr-10986-37389
recordtype	oai_dc
spelling	okr-10986-373892022-05-05T05:10:43Z Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note World Bank MONETARY POLICY TRANSPARENCY FINANCIAL SYSTEMS LAWS AND REGULATIONS ACCOUNTABILITY MECHANISMS INSTITUTIONAL FRAMEWORK AUTONOMY POLICY DECISIONS PUBLIC INFORMATION ACCESS CONFIDENTIAL INFORMATION LEGAL PROTECTION 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. 2022-05-04T16:04:06Z 2022-05-04T16:04:06Z 2006-01 Brief http://documents.worldbank.org/curated/en/555911468210269602/Belarus-Transparency-of-monetary-policy-and-banking-supervision-technical-note http://hdl.handle.net/10986/37389 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Europe and Central Asia Belarus
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	MONETARY POLICY TRANSPARENCY FINANCIAL SYSTEMS LAWS AND REGULATIONS ACCOUNTABILITY MECHANISMS INSTITUTIONAL FRAMEWORK AUTONOMY POLICY DECISIONS PUBLIC INFORMATION ACCESS CONFIDENTIAL INFORMATION LEGAL PROTECTION
spellingShingle	MONETARY POLICY TRANSPARENCY FINANCIAL SYSTEMS LAWS AND REGULATIONS ACCOUNTABILITY MECHANISMS INSTITUTIONAL FRAMEWORK AUTONOMY POLICY DECISIONS PUBLIC INFORMATION ACCESS CONFIDENTIAL INFORMATION LEGAL PROTECTION World Bank Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
geographic_facet	Europe and Central Asia Belarus
description	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.
format	Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
title_short	Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
title_full	Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
title_fullStr	Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
title_full_unstemmed	Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note
title_sort	republic of belarus - transparency of monetary policy and banking supervision : technical note
publisher	Washington, DC : World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/555911468210269602/Belarus-Transparency-of-monetary-policy-and-banking-supervision-technical-note http://hdl.handle.net/10986/37389
_version_	1764484593857069056

Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note

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