Belarusian PM Pledges to Pursue Tough Monetary Management Policy
OREANDA-NEWS. November 22, 2012. Belarus’ Prime-Minister Mikhail Myasnikovich has pledged to pursue a tough monetary management policy in 2013 and facilitate a free float of the Belarusian ruble.
“We have a zero-deficit budget plan for 2013, with a free float of the ruble and tough monetary management targets to live up to,” the premier was quoted as saying by the government’s mouthpiece.
Belarusian enterprises are supposed to fulfill a macroeconomic forecast, which features seven major indicators, including exports of goods and services, the balance of foreign trade, the net profit, the return on sales, the ratio of exports and commodity output.
Furthermore, the premier challenged state agencies concerned to make sure Belarus climbs a few notches up the World Bank’s Doing Business Ranking. By improving its record in the World Bank’s 2013 Doing Business rankings, Belarus will find it easy to draw direct foreign investments, which are vitally important for Belarus’ economy, the premier said.
Belarus currently ranks 58th on the World Bank’s Doing Business annual rating list.
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