Never Ending Crisis—Prospects for the Belarusian Economy

Author
Anna Maria Dyner
Content Type
Policy Brief
Institution
The Polish Institute of International Affairs
Abstract
During 2014, the Belarusian economy experienced serious problems, which were deepened by the crisis in Russia. Further deterioration of the economic situation in Russia and Belarus’ other trade partners such as Ukraine mean that 2015 could be much worse. That is why the Belarusian authorities need external financial support, although this need is still not forcing them to conduct structural reforms. Moreover, as presidential elections are planned for November, the president, Aliaksandr Lukashenka will traditionally try to postpone reforms and impose pro-social policies.