Front Matter Page
© 2006 International Monetary Fund
May 2006
IMF Country Report No. 06/178
Republic of Belarus: Financial Sector Assessment Program—Technical Note—Transparency of Monetary Policy
This Technical Note on Transparency of Monetary Policy for the Republic of Belarus was prepared by a staff team of the International Monetary Fund as background documentation to the Financial Sector Assessment Program with the member country. It is based on the information available at the time it was completed in January 2006. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Republic of Belarus or the Executive Board of the IMF.
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Front Matter Page
Financial Sector Assessment Program
Republic of Belarus
Techincal Note
Transparency of Monetary Policy
January 2006
The World Bank
Financial Sector Vice Presidency
Europe and Central Asia Regional
Vice Presidency
International Monetary Fund
Monetary and Financial systems
Department
Contents
I. Transparency of Monetary Policy
A. Summary Assessment
B. Clarity of Roles, Responsibilities, and Objectives of the NBRB for Monetary Policy
C. Open Process for Formulating and Reporting of Monetary Policy Decisions
D. Public Availability of Information on Monetary Policy
E. Accountability and Assurances of Integrity by the NBRB
F. Authorities’ Response