Belarus-World Bank

17.05.2017

World Bank forecasts GDP growth in Belarus in 2018
World Bank forecasts GDP growth in Belarus in 2018 The World Bank forecasts GDP growth in Belarus in the coming years. According to WB's studies, the gross domestic product in Belarus will grow by 0.7% in 2018, and then by 1.2% in 2019. According to experts' conclusion, in early 2017, the country's economy showed some stabilization, due to the growth of export.

19.04.2017

Belarus to take part in IMF, WB spring session in Washington
Belarus to take part in IMF, WB spring session in Washington Belarus will participate in the spring session of the International Monetary Fund and the World Bank in Washington, which starts on April 19. The Belarusian delegation includes the heads of the National Bank, the Ministry of Economy, the Ministry of Finance, and the Ministry of Foreign Affairs. It is expected that they will meet with representatives of the international financial organizations and hold negotiations on the conditions for granting financing to Belarus.

29.03.2017

Alexander Lukashenko meets with World Bank Vice-President
Alexander Lukashenko meets with World Bank Vice-President A new strategy of partnership between Belarus and the World Bank was discussed on March 29 at the Palace of Independence. Emphasis is made on projects in the field of housing, energy and the development of the digital economy. The Belarus President met with top managers of the World Bank, which is one of the most respected organizations in the international arena. Cooperation with Belarus has intensified in the last seven years. Currently, the portfolio consists of 9 loans and 4 grants totaling almost $1 billion.
Belarus, World Bank launch seven projects totaling $650 million
Belarus, World Bank launch seven projects totaling $650 million Belarus and the World Bank have begun to develop a new partnership strategy. Details were discussed March 28 in talks with the delegation of this international organization. The World Bank provides financial and technical assistance to developing countries. The WB cooperates with Belarus thanks to a broad portfolio of joint projects. According to experts, these projects are among the most effective, when compared with similar programs in other states.

26.10.2016

World Bank’s representative: Belarus is one of most rapidly developing countries
World Bank’s representative: Belarus is one of most rapidly developing countries The World Bank noticed a great improvement in the business climate of Belarus. In the list of 190 countries that are most favorable for doing business, Belarus got to the 37th place. Belarus is now close to its partners in the Eurasian Economic Union. Kazakhstan occupies the 35th place, Armenia is on the 38th place, and Russia is on the 40th place. In the rating of the World Bank, Belarus started to participate in 2007. Back then, Belarus occupied the 129th place.

23.08.2016

Belarus' President holds meeting on state of banking sector
Belarus' President holds meeting on state of banking sector Questions of economy and the state of affairs in the banking sector have been reviewed at a meeting held by the Belarus President on 23 August. The Head of State met with the Prime Minister of Belarus, Andrei Kobyakov, and Chairman of the Board of the National Bank Pavel Kallaur. In particular, Alexander Lukashenko was informed about the situation on the currency market, as well as on cooperation with the World Bank.

02.06.2016

Alexander Lukashenko, World Bank's Cyril Muller discuss new cooperation road map
Alexander Lukashenko, World Bank's Cyril Muller discuss new cooperation road map A road map of cooperation with the World Bank needs to be effective. Alexander Lukashenko on June 2 discussed the future projects with the World Bank Vice-President for Europe and Central Asia. To improve the quality of life is the overall goal of the Belarusian state and the World Bank, the world's largest financial structure.

25.04.2016

Minsk to host international Chernobyl disaster forum
Minsk to host international Chernobyl disaster forum On April 25, Minsk will host a meeting dedicated to one of the most significant man-made disasters in history - the Chernobyl tragedy, which happened almost exactly 30 years ago.  Representatives of the Government, state administration bodies, Belarus' general public and foreign partners of our country will take part in the international forum in the Palace of the Republic.

06.04.2016

IMF, World Bank experts to study Belarus' financial system
IMF, World Bank experts to study Belarus' financial system World Bank and International Monetary Fund experts will study the financial system of Belarus. The joint mission has already got down to work. It will stay in Belarus until 21 April. During this time the foreign experts will meet with representatives of Belarus’ state bodies, banks and insurance companies. The large-scale monitoring will result in experts’ recommendations on the increasing of effectiveness of the financial sector.  

12.01.2016

Young Chul Kim
World Bank keeps Belarus' 2016-2018 GDP outlook unchanged The World Bank has kept unchanged Belarus' economic growth outlook over the next three years. Experts of the largest international financial organization expect the resumption of GDP growth in 2017 and 2018. It will increase by about 1% per year.

06.11.2015

Belarus-World Bank: current and future joint projects
Belarus-World Bank: current and future joint projects Belarus and the World Bank (WB) have discussed new areas of cooperation. Belarus has been a member of the WB for more than 20 years. In the last two years the credit supply for Belarus has increased considerably. Road building, water supply, education and other spheres are among common interests. For about four years, a massive reconstruction of Brest city sewage treatment plants has been implemented. In 2010, the International Bank for Reconstruction and Development started financing the construction of sewage treatment plants for phosphorus and nitrogen elimination.

03.11.2015

World Bank: Price surge and inflation not expected in Belarus
World Bank: Price surge and inflation not expected in Belarus A price surge and inflation are not expected in Belarus. The World Bank approves the steps of the country on implementing structural reforms, reads a new WB economic survey as of November 2. A reasonable macroeconomic policy and some reforms will give impetus to the economic development. The WB hailed the market mechanism of forming the exchange rate of the Belarusian ruble, introduced by the National Bank back in January 2015.

30.06.2015

National Bank to regulate formation and functioning of financial market
National Bank to regulate formation and functioning of financial market The World Bank will assist Belarus in reforming the financial sector. WB representatives met with Belarusian colleagues June 26 to discuss the issues of integrated financial sector supervision. The National Bank of Belarus will acquire the status of a mega-regulator. A project to expand its functions is already at an advanced stage.