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.
Approval of the stabilization credit to the Republic of Belarus in the amount of 2 billion US dollars in seven tranches during 2016-2018 was done by the Fund Council on 25 March 2016.
16 October 2018The EFSD financial credit to Belarus is monitored
26 October 2017EDB extends the fifth tranche of the EFSD credit to Belarus