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IMF Country Report No. 22/330
BELARUS
TECHNICAL ASSISTANCE REPORT—FINANCIAL ACCOUNTS AND BALANCE SHEET STATISTICS MISSION
October 2022
This Technical Assistance report on Belarus was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on March 2022.
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© 2022 International Monetary Fund
Title Page
Belarus
Report on Financial Accounts and Balance Sheet Statistics (February 21–March 4, 2022)
August 2022
Prepared by Martha Tovar Soria
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of the Republic of Belarus (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, unless the TA recipient specifically objects to such disclosure (see Staff Operational Guidance on Dissemination of CD Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Progress in Implementing the 2021 Action Plan and FISIM
B. Review of Preliminary 2017 FABSs Estimates
C. Officials Met During the Mission
TABLES
1. Priority Recommendations
2. Detailed Technical Recommendations
3. Differences between Transactions in Asset and Liabilities for Each Instrument Domestic Sectors, ROW and Total (BYN Thousands)
4. Statistical Discrepancy: Capital and Financial Accounts (BYN Millions)
5. Steps to Verify the Business Accounting Data to Start the Compilation of the Sequence of Accounts
APPENDICES
I. Progress of Implementing January 2021 Action Plan
II. Saving and Net Lending Derived from Financial
Glossary
| 1SR | Standard Report Form 1 (for the central bank) |
| 2008 SNA | System of National Accounts, 2008 |
| 2SR | Standard Report Form 2 (for deposit-taking corporations) |
| 4SR | Standard Report Form 4 (for other financial corporations) |
| BelStat | National Statistics Committee of Republic of Belarus |
| BOP | Balance of Payments |
| BYN | Belarusian Rubles |
| DTC | Deposit-Taking Corporation |
| FABS | Sectoral Financial Accounts and Balance Sheet Statistics |
| FC | Financial Corporations |
| FISIM | Financial Intermediation Services Indirectly Measured |
| GDP | Gross Domestic Product |
| GFS | Government Finance Statistics |
| IMF | International Monetary Fund |
| MOF | Ministry of Finance |
| NBRB | National Bank of Republic of Belarus |
| NFC | Nonfinancial corporations |
| NLB | Net Lending or Borrowing |
| NPISH | Non-profit Institutions Serving Households |
| OFC | Other Financial Corporations |
| ROW | Rest of the World |
| TA | Technical Assistance |
