Diplomatic representation in the US: chief of mission: Ambassador (vacant); Charge d'Affaires CHEREPANSKY chancery: 1619 New Hampshire Avenue NW, Washington, DC 20009 consulate(s) general: New York
Diplomatic representation from the US: chief of mission: Ambassador Daniel V. SPECKHARD (recalled to Washington in June 1998; Charge d'Affaires Randall LE COCQ) embassy: Starovilenskaya #46-220002, Minsk mailing address: use embassy street address
Flag description: red horizontal band (top) and green horizontal band one-half the width of the red band; a white vertical stripe of white on the hoist side bears the Belarusian national ornament in red
Economy
Economy—overview: Belarus has seen little structural reform since 1995, when President LUKASHENKO launched the country on the path of "market socialism". In keeping with this policy, LUKASHENKO re-imposed administrative controls over prices and currency exchange rates and expanded the state's right to intervene in the management of private enterprise. This produced a climate hostile to private business, inhibiting domestic and foreign investment. The Government of Belarus has artificially revived economic output since mid-1996 by pursuing a policy of rapid credit expansion. In a vain attempt to keep the rapidly rising inflation in check, the government placed strict price controls on food and consumer products, which resulted in food shortages. Long lines for dairy products, chicken, and pork became common in the closing months of 1998. With the goal of slowing down the devaluation of the Belarusian ruble, LUKASHENKO in 1997 introduced a new, complex system of legal buying/selling hard currencies. The new "command" system proved to be totally unworkable and resulted in galloping devaluation. In addition to the burdens imposed on businesses by high inflation and an artificial currency regime, businesses have also been subject to pressure on the part of central and local governments, e.g., arbitrary changes in regulations, numerous rigorous inspections, and retroactive application of new business regulations prohibiting practices that had been legal. A further economic problem is the sizable trade deficit.
GDP: purchasing power parity—$53.7 billion (1998 est.)
GDP—real growth rate: 7% (1998 est.)
GDP—per capita: purchasing power parity?$5,200 (1998 est.)
GDP—composition by sector: agriculture: 20% industry: 43% services: 37% (1997 est.)
Population below poverty line: 77% (1997 est.)