Speeches & Interviews

Sergei Rumas: International ratings of Belarus will get better

MINSK, 21 April (BelTA) – The Belarusian government hopes that international ratings of the country will be revised and will soon return to the level registered in 2011, Vice Premier of Belarus Sergei Rumas told media on 21 April.

The international ratings agency S&P upgraded the outlook on the Belarusian economy up to stable. According to Sergei Rumas, they expected it. “The decision reflects the steps the government is taking to stabilize the economy,” believes the official.

He pointed out that the S&P agency had noticed a considerable slowdown of the inflation in Belarus albeit the inflation rate is still high. “The Belarusian economy continues showing moderate [GDP] growth in Q1 2012. The situation on the currency market is stable. Gold and foreign exchange reserves are on the rise. The development of the parameters inspires us with confidence that by the end of the year ratings will be reviewed by this agency and other ones to return to the level we had before 2011,” said Sergei Rumas.

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