World Bank In Belarus

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The World Bank In Belarus

Belarus economy is expected to contract in 2020 as a result of the COVID-19 global economic shock, Russia’s “tax maneuver,” and a contraction of crude oil imports, all of which are compounding long-standing economic vulnerabilities.

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Economy

Belarus Economic Update - Spring 2020

The latest Economic Update outlines the economic situation in the country and medium-term development prospects.

Forest Innovations

Sustainable and Efficient Forestries

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

Blog

Investing in education is important

Investments in children at an early age help reduce inequality throughout their lives and generate higher income returns as adults

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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Policy Research

Poverty, Vulnerability, and Household Coping Strategies during the 2015-16 Recession

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...