World Bank In Belarus

The World Bank In Belarus

In 2020, the economy of Belarus contracted by 0.9% year-on-year. Amidst the limited space for fiscal or monetary expansion, the outlook is for deepening of the recession in 2021 and a slow recovery thereafter.

Featured

Gevorg Sargsyan

The new country manager for Belarus

The World Bank is pleased to announce the appointment of Mr. Gevorg Sargsyan as Country Manager for Belarus starting July 1, 2021.

Water Supply & Sanitation

Exceeding expectations in Belarus

Belarus Water Supply & Sanitation Project improved the quality, efficiency & sustainability of water supply & wastewater treatment

Forest Innovations

Sustainable and Efficient Forestries

The Forestry Development Project makes a significant contribution to improving the sustainability of Belarusian forests.

Belarus At-A-Glance

Belarus has pursued a gradual transition path, characterized by limited structural reforms and a modest expansion of the private sector. Unfortunately, the factors that enabled Belarus’s past success are no longer in play. The capacity of capital accumulation to drive economic growth is exhausted, the energy subsidies are declining and will be withdrawn by 2024, and public debt ratios to GDP are growing.

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

Strengthening Hydromet and Early Warning Services

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...