The IMF estimated the benefit of Belarus from the oil agreements with Russia

Agreement between Belarus and Russia in the oil industry will bring benefits in the country 1.3 billion dollars, predicted the situation head of the IMF mission to Belarus, Chris Jarvis, after meeting with Prime Minister Mikhail Myasnikovich "I believe that GDP growth will continue, inflation will generally be the same as last year, and will remain a fairly large current account deficits ", - said Chris Jarvis, ITAR-TASS. However, he noted that the Government and National Bank should take certain steps to reduce the deficit. At the same time he recommended a more stringent fiscal policy, higher interest rates, reduced net flows lending under state programs, as well as the use of flexible exchange rates. The IMF also recommends further implement the program of structural reforms and the steps being taken by National Bank, in the area of ??monetary policy. IMF mission head said that he worried about the fact of significant growth in wages in the country, which could adversely affect the competitiveness of the Belarusian economy and helps to reduce the current account deficit. "We recommend that the Government in 2011 to adhere to a restrained policy in respect of wages", - said Chris Jarvis. According to him, the purpose of the current mission in Belarus is to make an annual assessment of the economy. "We had very useful and constructive discussions with the Government and the National Bank. We will report this to our Executive Board, which will take into account our point of view. I think this will be considered sometime in March, "- said the head of the IMF mission. Earlier, the IMF said that Belarus has overcome the financial crisis.