Following a 12-day visit to Belarus, an International Monetary Fund team has set out a series of steps the country must "urgently" take to stabilise itself and its financial system.

Belarus had made a request for a Fund-supported programme, which prompted the delegation's visit. The team was led by Christopher Jarvis, who spoke in Minsk on Monday and revealed the findings.

"There is an urgent need to bring down inflation, which is eroding living standards and feeding depreciation expectations,"