Lukashenka approves key economic targets for 2018

Alyaksandr Lukashenka, by his December 31 presidential edicts, approved key economic targets and monetary policy guidelines for 2018.

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One of the edicts projects Belarus’ Gross Domestic Product to increase by 3.5 percent and exports of goods and services by 5.7 percent, according to the presidential press office. The National Bank of Belarus and the Council of Ministers are tasked with keeping inflation at six percent or below.

Money supply is expected to rise by between nine and 12 percent in 2018.

The press office said that loan interest rates would continue decreasing next year if “favorable conditions” remained.

The edicts project Belarus’ gold and foreign exchange reserves to total at least $6 billion at the end of 2018.