News & Events in Belarus

MINSK, 22 December (BelTA) – In 2016 Belarus will continue negotiations with WTO member states to discuss conditions of access to the financial services market, BelTA learned from Belarus president decree No. 505 published on the website of the National Bank of the Republic of Belarus (NBRB) on 22 December.

The document reads that under the aegis of the Ministry of Foreign Affairs Belarus will continue agreeing conditions of access to the national market of financial and banking services with member states of the World Trade Organization. Belarus and the WTO members will also discuss systemic matters concerning the country’s accession to the WTO.

Close attention will be paid to the harmonization of the financial and currency legislation of the Eurasian Economic Union member states in 2016. Plans have been made to expand mutually beneficial ties between the banking systems of Belarus and Russia.

In 2016 cooperation with international financial institutions will continue as part of the efforts to implement the previously agreed directions of technical aid. Ways of providing expert assistance in topical matters of the country’s central bank’s operation will be determined.

The implementation of the major monetary management guidelines in 2016 is expected to slow down inflation processes and secure macroeconomic and financial stability.