About EFSD Grants Projects Development partners
Documents Governing bodies Media Centre Procurement

Belarus

Belarus is the EFSD founding state:

- Belarus’s contribution to the EFSD is US$10 million;

- Belarus’s access limit in the EFSD is US$1787.73 million (21% of total assets of the Fund).

The authorized representative of Belarus in the Council of the Fund is the Minister of Finance of the Republic of Belarus —Vladimir V. Amarin.

The Member of EFSD Expert Council is Head of the Directorate for International Financial Relations, Ministry of Finance of Belarus - Pavel P. Shulga.

Belarus is member of the Eurasian Economic Union since 1 January 2015.

In June 2011 the EFSD Council approved a US$3 billion financial credit to Belarus. As of the current date US$ 2,560 million of it was disbursed.

In March 2016 the EFSD Council approved a US$2 billion Stabilization credit to Belarus. As of the current date US$ 500 million of it was disbursed.

The EDB carries out analytical work on the social and economic development of Belarus.

Key Development Indicators of Belarus

Indicator 2010 2011 2012 2013 2014 2015 2016 Q1 Source
Real GDP Growth (%) 7,6 5,3 1,5 0,9 1,6 -3,9 -3,6 Nat. Stat.
Nominal GDP (US$ million, in current prices) 55 087 58 799 63 471 72 809 75 922 54 745 10 285 NB
GDP per capita (US$, in current prices) 5 810 6 212 6 674 7 690 8 008 5 763 5 511 /3 Nat. Stat.
Poverty rate (%, national estimate) 5,2 7,3 6,3 5,5 4,8 5,1 N/A Nat. Stat.
Inflation (CPI, average) 7,74 53,2 59,2 18,3 18,1 13,5 12,4 Nat. Stat.
Nominal interest rate on 3-month credits to the economy in national currency (end of period %) 15,9 28,9 38,7 35,8 30 39,6 45 NB
Balance of consolidated state budget (% GDP) -2,6 2,2 0,4 0,2 1,1 1,8 2,1 MF
Trade Balance (% GDP) -13,6 -2,1 4,5 -3,2 -0,5 0,3 -0,2 NB
Current Account Balance (% GDP) -15,0 -8,6 -2,9 -10,4 -6,7 -3,8 -14,3 NB
Gross International Reserves (months of imports, end of period) 1,64 1,99 1,98 1,72 1,38 1,5 1,6 NB
External Public Debt/GDP (%) 18,3 21,0 21,6 19,1 17,3 26,9 31,5 NB
Gross External Debt/GDP (%) 51,6 57,9 53,2 54,4 52,8 69,9 73,6 NB
Public External Debt Service/ Exports of Goods and non-factor Services (%) 2,6 1,4 3,2 5,6 11,7 1,8 3,4 NB
Human Development Index (rank out of 187 countries) 61 65 50 53 N/A N/A N/A UNDP
Exchange rate of the National Currency against U.S. dollar (period average, Bel. Rouble/Dollar) 2979,50 5001,50 8 335,90 8 971,06 10215,53 15 864,62 20 755,17 NB
Exchange rate of the National Currency against Euro (period average, Bel. rouble/Euro) 3954,10 6930,10 10713,10 11833,70 13574,47 17610,33 22866,95 NB
Exchange rate of the National Currency against Russian Rouble (period average, Bel. rouble/rouble) 98,1 168,5 268,3 278,4 269,02 260,57 277,18 NB

Contacts

Ministry of Finance of the Republic of Belarus
National Bank of The Republic of Belarus

Representative Office of the EDB
in Minsk:
70 Myasnikova Str., Office 310
Minsk, 220030
Republic of Belarus

Tel.: + 375 17 306 54 64
Fax: + 375 17 306 54 65




Member States

  • The Republic of Armenia

    Republic
    of Armenia

  • The Republic of Belarus

    Republic
    of Belarus

  • The Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Kyrgyz Republic

    Kyrgyz
    Republic

  • Russian Federation

    Russian
    Federation

  • The Republic of Tajikistan

    Republic
    of Tajikistan