This paper employs and combines different tools of macroeconomic analysis, which is argued to be more effective for uncovering alternative scenarios. For these scenarios, the study reports indicative estimates for main macroeconomic variables. Some of them are fraught with a substantial decline in GDP and/or painful financial stress.

The paper considers demanding qualifications among applicants, distributions, and dynamics of admission scores.

The policy paper considers the recommendations of the International Monetary Fund and analyses the measures that central banks take to support and enhance the quality of financial institutions work with economic entities, including customers, that are most affected by the coronavirus pandemic.

The policy paper discusses the role and behavior of small and medium-sized enterprises in the period of crises and recessions. The main purpose is to overview and evaluate possible short- and medium-term measures to support small and medium-sized enterprises in Belarus based on international experience.