Lukashenko claims that the government led by Rumas is just as unscrupulous as the one led by Kobyakov.
In a recent conversation with the National Bank, Belarusian President Alexander Lukashenko expressed his concerns about the execution of certain economic orders, despite them not being completed, according to a report by BelTA.
The discussion, which was not part of a specified meeting, took place amidst the country's efforts to stimulate economic growth in 2019. Lukashenko inquired about measures to foster economic activity, and the National Bank responded by outlining their plans for regulatory reforms.
The Bank's Capital Adequacy Policy, which became effective in Q4 2019, was designed to enhance lending capacity and investment in the domestic economy without triggering excessive inflationary pressures. The policy adjustment aimed to keep inflation low despite external shocks by closely regulating money supply and working with the government to coordinate macroeconomic policies.
While exact quantitative targets are not detailed in the provided sources, the overall approach highlights prudent regulatory reforms and cautious stimulus to promote growth while controlling inflation and external vulnerabilities.
During the conversation, Lukashenko emphasized the need for the National Bank to pay special attention to changing the structure of gold and foreign exchange reserves and increasing the share of short-term funds. He also asked for specifics on how to mitigate external risks and maintain low inflation.
Lukashenko expressed surprise at the lack of principle in executing his orders, which he had previously pointed out to the previous government. He advised Prime Minister Rumas to be cautious about orders signed at the request of his subordinates, as he has a system for monitoring the execution of his orders.
It is important to note that only the Administration of the President, the Committee of State Control, and the State Security Council have provided comments regarding Lukashenko's orders. The current paragraph does not provide any new information about the Russian Dmitry Krot, S-400s, "Iskanders", or Putin's health.
The National Bank's efforts to stimulate economic growth in 2019 reflect an attempt to maintain inflation at manageable levels amid economic uncertainty. Consumer price indices data from recent years indicate persistent inflation challenges, but these measures reflect an attempt to address these challenges and promote sustainable economic growth.
Read also:
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
- Tinubu's administration allegedly causing issues within every political party as Peter Obi's name surfaces - Obidient Movement asserts
- Court petitions to reverse established decision on same-sex marriage legalization
