The current four-year Country Strategy for Belarus was approved by the EBRD in September 2016.
We are closely monitoring the ongoing developments in the country and are in discussions with our shareholders and coordinating with our key international partners. A comprehensive political assessment in the context of Article 1 will be prepared as part of our new Country Strategy.
In Belarus we currently focus on:
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Enhancing the competitiveness of the real economy: The EBRD will seek to provide long-term debt and equity financing to local and foreign investors as well as support small and medium-sized business (SME) lending through the development of a sustainable commercially oriented banking sector. It will continue providing advice to SMEs to strengthen their competitiveness. The Bank will also promote the privatisation of state-owned enterprises by strategic investors, which can provide capital and know-how to improve competitiveness and productivity.
- Enhancing the sustainability and service quality of public infrastructure: The EBRD will encourage private sector participation in the provision of public infrastructure services. The Bank will also seek to support well-defined reform initiatives of the government in the municipal, transport, power and energy sectors through its investments and technical assistance. Implementing these directions consistent with the Bank’s Green Economy Transition (GET) approach, the EBRD will also seek to assist Belarus’ transition to a low carbon economy, where public and private investments are made in a way that minimises the impact of economic activity on the environment.
As well as being a country where the EBRD works, Belarus is also a donor and a beneficiary of the Northern Dimension Environmental Partnership (NDEP) and Eastern Europe Energy Efficiency and Environment Partnership Fund (E5P).
The EBRD’s latest Belarus strategy was adopted on 7 September 2016
We are closely monitoring the ongoing developments in the country and are in discussions with our shareholders and coordinating with our key international partners. A comprehensive political assessment in the context of Article 1 will be prepared as part of our new Country Strategy.
We urge Belarus to continue fulfilling all of its international obligations. The EBRD is still investing in private sector projects in Belarus but is not currently considering new sovereign projects in the country. At the same time we are committed to completing already signed infrastructure deals.
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.
GDP forecast for Belarus’s Real GDP growth in 2020 -3.5%
GDP forecast for Belarus’s Real GDP growth in 2021 1.0%
