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The World Bank In Belarus

Belarus’s economic recovery continued, with real GDP growth reaching 3% in 2018, driven by favorable external conditions and stronger domestic demand. The growth outlook in 2019 and in the medium term remains weak at about 2% per annum.

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Need in Structural Reforms

To accelerate economic growth, Belarus needs to undertake important structural reforms.

New Project

Better Water and Sanitation Services

Belarus will improve quality and efficiency of water, sanitation, and solid waste disposal services with World Bank support.

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Private Sector and Income Growth

Improving the private sector environment in Belarus is key to income growth.

Belarus At-A-Glance

Belarus has pursued a gradual transition path, characterized by limited structural reforms and a modest expansion of the private sector. Policies have focused on upgrading state-owned enterprises with the help of subsidies and preferential loans through state-owned banks.

Overview

Data

Project

Public Financial Management Modernization Project

The objective of the project is to improve policy alignment of the budget, consolidate cash balances, improve budget transparency and lay foundations for implementation of an Integrated Financial Management Information System (FMIS).

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Research

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Economy

Belarus Economic Update — Spring 2019

Forests

Assessment of Climate-related Disaster Losses in the Forestry Sector

Strategy

Country Partnership Framework for 2018-2022

Country Diagnostic

Belarus Systematic Country Diagnostic

Belarus in Figures

Find data and facts about the country's development progress.

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The economy continued to decline due to weakness in exports and final consumption. The contraction has put pressures on external and fiscal accounts as large public debt repayments come due in 2017. Economic recovery is expected to remain modest and gradual as negative feedback loops would continue to subdue domestic demand, while weak labor market could further deteriorate household incomes. Necessary adjustment measures and accelerated reforms are necessary to improve market expectations and mobilize investment for sustainable recovery. Read more...

Experts

Satu Kahkonen

Country Director for Belarus, Moldova, and Ukraine

Alex Kremer

Country Manager for Belarus

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In Depth

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Additional Resources

Country Office Contacts

Minsk, +375-17 359-19-50

6 Rumyantseva Street, 220034 Minsk, Belarus

binfo@worldbank.org Country Office page on Facebook

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The World Bank In Belarus