Belarus overview

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Cityscape at night

We remain deeply concerned by the continuing deterioration of the situation in Belarus and the action of the authorities. We call for respect for human rights and freedom of speech in the country.

Ever since the disputed Presidential election of August 2020, we have urged the authorities to pursue an inclusive national dialogue to explore a way forward for Belarus.

In September 2020, the Bank made clear that it was concentrating its activity exclusively on private sector projects where there are clear benefits for small and medium sized companies, female entrepreneurs and young professionals. We continue to believe that building the private sector eventually leads to better societies.

We have not invested in new sovereign projects since the beginning of 2020 and have no plans to do so for the foreseeable future.

The EBRD’s latest Belarus strategy was adopted on 7 September 2016

Belarus's policy response to the coronavirus crisis

The EBRD is monitoring Belarus's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

GDP forecast for Belarus’s Real GDP growth in 2021 0.5%

GDP forecast for Belarus’s Real GDP growth in 2022 0.5%

Economic recovery in 2021 is unlikely amid rising uncertainties. The economy contracted by only 0.9 per cent in 2020 due to the absence of a full lockdown and increased support to the state sector. The Covid-19 impact on non-tradable services was less severe than in other countries, while ICT services and agriculture even enjoyed 5.3 per cent and 7.0 per cent growth, respectively.

Belarus in the EBRD’s 2020-21 Transition Report

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