Tur: There is an anti-crisis program but it is for internal use only

Does the government have an anti-crisis program and why no one saw it? Euroradio has asked this question to the Deputy Minister of Economics Andrej Tur. He has answered that this document is... for internal use only.

“We have elaborated such document, but it is for internal use, — the Deputy Minister of Economics has told to Euroradio. — As there is a series of moments which should not be disclaimed to anyone. It needs to be done and that's it”.

Advisor of the National Academy of Sciences Piotr Nikitsenka confirms existence of the anti-crisis program "not for everyone":

“There are a series of measures proposed by the Government. There are also measures which should be introduced quietly, not in a transparent regime. They must not be openly discussed today. They should be implemented with no noise and fuss”.

Andrej Tur did not clarify how many pages the anti-crisis program contained. He only told it was composed of 4 chapters:

“We should not speak of whether it is thick or not. It has 4 chapters: currency market's state, customer market's state, real economy's state and measures of social protection”.

Meanwhile, Belarusian economists suggest their "recipes" on how to lead the country out of the currency crisis. There are many talks about credits: from EurAsEC or IMF. However, financial analyst of the official partner "Alpary" in Minsk Vadzim Iosub thinks that it is impossible to solve the situation with just money:

“First, to make the financial-credit policy stricter, first. Secondly, to liberalize the currency market. Thirdly, to decrease state subsidies and crossed financing”.

In the expert's opinion, "liberation" of the currency market should necessarily be accompanied by credits getting more expensive:

Vadzim Iosub: “There' are no contradictions here. Money policy may be mild it’s when the money is "cheap", and can be borrowed for low interest rates. To make the financial-credit policy stricter means to increase interest rates and to stop emission”.

On the one hand, "cheap
 credits work for economic growth. On the other hand, they facilitate inflation and weaken national currency. Piotr Nikitsenka hopes to solve the crisis by strengthening the national currency:

“I am a supporter of the ideas of our economy's development on the basis of the national financial system, which has been turned into a sort of bogey! They are running away from the national money! I don't understand that - we are building an independent country, but have negative attitude to our own money…”

Now the government's anti-crisis program should be considered by IMF. Maybe after this Belarusians will find out how they are going to solve the crisis.