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Kalavur: In Economics, As In Medicine, Main Thing Is To Set Diagnosis

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Kalavur: In Economics, As In Medicine, Main Thing Is To Set Diagnosis
PAVEL KALLAUR
PHOTOS: BDG.BY

The National Bank head compared the economy with a patient in the doctor’s consultation room.

Chairman of the National Bank Board Pavel Kalavur assured that Belarus "will continue the dialogue with the IMF". "This discussion of professionals helps to develop the most acceptable solutions," – he told journalists on the margins of the Kastrychnitski Ekanamichny Forum, tut.by writes.

"The greatest achievement for us, similar to doctors, is to diagnose," – Kalavur noted answering the question about the results of the three years' work as the head of the National Bank and 25 years of cooperation with the IMF.

"To diagnose, to assess the depth and priority of problems is the main thing. First, we must solve problems of a higher level. We often misunderstood this, so the international expertise helped. The economic block of the government and the National Bank know what to do. But society must be ready for change," – he stressed.

He named fiscal risks among the main problems. We did not talk about this problem. We have assessed the level of such risks – this is the initial assessment, I will not yet voice it. But for minimizing these risks a tremendous effort to improve the efficiency of state enterprises is needed," – he underlined.

"We're not thinking about urgent attraction of financing, emergency loans from the IMF. We do not need them," – the head of the National Bank said.

Kalavur stressed that price stability remains the National Bank's priority, it is projected that inflation in 2018 will be 6% plus or minus one percentage point. The refinancing rate next year should decrease slightly, to 10%.

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