Belarus' rating reflects improved macroeconomic stability, high income per capita, prudent fiscal policy and a clean debt repayment record.
At the same time Fitch Ratings points to weak growth prospects, government debt highly exposed to foreign currency risks, low foreign exchange reserves and a weak banking sector.
According to the agency, the fiscal and monetary policy pursued by Belarus will allow preserving macroeconomic stability and managing refinancing risks on debt payments despite the significant impact of the COVID-19 pandemic.
Written by minsk-region.gov.by
