A high rate of economic growth in Belarus – an average of about 8% annually from 2001 to 2011 – has helped reduce poverty almost seven-fold. A favorable external environment supported the economic growth in Belarus.
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As a result of the border management enhancement component of this project, the handling capacity of the Bruzgi border crossing point is expected to increase from the current 700 trucks to 1,700 truck... Show More +s per day. The activities will be complemented by IFC advisory work studying constraints in border clearance procedures and recommending business process improvements.The project will also support improved road safety and network management through a more market-orientated approach to the development of roadside services and the development of a Traffic and Road Safety Coordination Center.This is the largest ever World Bank loan to the Republic of Belarus, and the second road transport project that the Bank is currently financing in the country. The ongoing Road Upgrading and Modernization Project, to be completed in 2015, helped to upgrade 53 kilometers of the M5 road forming part of the Trans-European Transport Corridor IX. Introduction of an axle load monitoring and control system is now in progress.Since the Republic of Belarus joined the World Bank in 1992, lending commitments to the country have totaled US$1.39 billion. In addition, grant financing totaling US$25 million has been provided to programs, including those with civil society organizations. With the effectiveness of this project, the current investment lending portfolio would include six operations totaling US$898 million. Show Less -