World Bank In Belarus

The World Bank In Belarus

In 2016, the economy in Belarus continued to contract, albeit at a slower pace, as tight fiscal and monetary policies helped to support macroeconomic stabilization. In 2016, real GDP decreased by 2.6% compared to 3.8% in 2015.

Featured

Report

Belarus Economic Update

Belarus economy started stabilizing in the first quarter of 2017 supported by exports and sectoral output growth.

New Country Manager

Alex Kremer

World Bank introduces Mr. Alex Kremer, the new Country Manager for Belarus.

Global Economic Prospects

A Fragile Recovery

Growth in Europe and Central Asia continued to pick up, with commodity exporters and importers alike achieving recovery.

Belarus At-A-Glance

After several years of slowing growth, increased macroeconomic volatility, and balance-of-payments pressure, the Belarusian economy entered a recession in 2015, the first since 1995. Economic activity continues to stagnate, driven by the contraction in Russia, lower export revenues, and domestic structural problems. GDP growth is expected to pick up to only 0.5% in 2018.

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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Report

Belarus: Enhancing Border-Crossing Time Release Studies to Support Trade Facilitation Reforms

Profile

Belarus Disaster Risk Profile

Doing Business 2017

Equal Opportunity For All - Belarus Profile

evaluation

Assessing the Impact of WTO accession on Belarus

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...