IMF warns over problems in Belarusian banking system, but central bank disagrees
Systemic liquidity risks are “elevated” because of dollarisation, fund says
Belarus's central bank and the International Monetary Fund published differing assessments of the country's commercial banking system on September 21.
The country's first asset quality review (AQR) indicates that the commercial banking system is sound overall, despite problems with three major banks, the central bank announced. But the IMF argues that Belarusian banks faced major problems.
"Vulnerabilities remain elevated," the IMF's executive board says in a report on its latest Article IV
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