Member countries: Belarus
- About the country
- Key Development Indicators
- Eurasian Fund for Stabilization and Development Projects
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$1787.73 million (21% of total assets of
The authorized representative of Belarus in the EFSD Council is the Minister of Finance of the Republic of Belarus — Maxim L. Ermolovich.
The Member of the Expert Council from Belarus is the Head of the Directorate for International Financial Relations, Ministry of Finance of Belarus - Pavel P. Shulga.
Belarus is member of the Eurasian Economic Union since 1 January 2015.
The EFSD project portfolio in the Republic of Belarus consists of financial credits. The amount of the portfolio, taking into account completed and active projects, is US$ 4,560 million.
Representative Office of the EDB
70 Myasnikova Str., Office 310
Republic of Belarus
Tel.: + 375 17 306 54 64
Fax: + 375 17 306 54 65
|Real GDP Growth (%)||5,6||1,8||1,0||1,7||-3,8||-2,5||2,4||Nat. Stat.|
|Nominal GDP (US$ million, in current prices)||66 453||65 694||75 563||78 879||56 673||47 749||54 456||Nat. Stat.|
|GDP per capita (US$, in current prices)||7 009||6 941||7 984||8 331||5 978||5 027||5 729||Nat. Stat.|
|Poverty rate (%, national estimate)||7,3||6,3||5,5||4,8||5,1||5,7||5,9||Nat. Stat.|
|Inflation (CPI, average)||52,4||66,9||18,5||18,1||13,6||11,8||6,1||Nat. Stat.|
|Nominal interest rate on 3-month credits to the economy (end of period %)||28,9||38,8||35,8||36,9||39,6||26,6||14,1||CB|
|Balance of consolidated state budget (% GDP)||2,8||0,6||-0,1||1,0||1,4||1,5||3,1||MF|
|Trade Balance (% GDP)||-1,9||4,3||-3,1||-0,6||0,2||-0,2||0,1||CB|
|Current Account Balance (% GDP)||-8,0||-2,8||-10,0||-6,7||-3,3||-3,5||-1,8||CB|
|Gross International Reserves (months of imports, end of period)||2,0||2,0||1,7||1,4||1,5||2,0||2,4||CB|
|External Public Debt/GDP (%)||32,1||18,8||17,1||16,6||22,7||28,5||30,7||CB|
|Gross External Debt/GDP (%)||55,9||51,5||52,7||50,9||67,3||78,5||74,8||CB|
|Public External Debt Service/ Exports of Goods and non-factor Services (%)||1,4||3,2||5,6||11,7||8,2||4,9||5,3||IMF|
|Human Development Index (rank out of 187 countries)||65,0||50,0||53,0||50,0||52,0||N/A||N/A||UNDP|
|Global Competitveness Index (rank out of the amount of observed countries)||not rated||WEF|
|Exchange rate of the National Currency against U.S. dollar (period average, Bel. rouble/dollar)||4 623||8 336||8 876||10 216||15 865||19 885||19 318||CB|
|Exchange rate of the National Currency against Euro (period average, Bel. rouble/euro)||6 432||10 713||11 782||13 574||17 610||22 005||21 783||CB|
|Exchange rate of the National Currency against Russian Rouble (period average, Bel. rouble/rouble)||157||268||279||269||261||297||331||CB|
On 2 July 2014 the ACF Council extended the Stabilization Programme supported with the financial credit to Belarus until 1 October 2014 and the period of the credit - until 1 February 2015. The issue of disbursement of the sixth tranche of the credit will be considered in the ACF Council meeting to be held in Q4 2014.