Belarus is a medium-sized European state


Belarus became IMF member on July 10, 1992



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Organizing-Globalization-in-Belarus-and-Belaruss-International-Trade

Belarus became IMF member on July 10, 1992—25 years ago this year. Very important has also been the local staff, currently Julia (25 years!), Elena (21 years), Mariya, and Vladimir.
Economic Growth Projection
The project focuses on to local micro, small and medium-sized enterprises (SMEs) and enterprises and aims at addressing socially important issues (EASIs). Within the framework of the project, EU, UNDP, Ministry of Economy and partners in Belarusian regions will continue cooperation started within the framework of EU Annual Action Programme(AAP) 2011 and 2013 "Support to Local and Regional Development in Belarus" (RELOAD) in order to create jobs and provide direct access to finance for SMEs and EASIs at the local level.
Inflation Outlook
Analysts at the EIU commented on the outlook: “We forecast that consumer price inflation will average 5.6% per year in 2024-25, as import restrictions and ruble depreciation generate inflationary pressures. Government price controls and lower international commodities prices will help to curb inflation.
Foreign Direct Investment Forecast
  • Belarus Foreign Direct Investment (FDI) fell by 208.1 USD mn in Jun 2023, compared with an increase of 2.4 USD bn in the previous quarter.
  • Belarus Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 1996 to Jun 2023.
  • The data reached an all-time high of 2.7 USD bn in Dec 2011 and a record low of -298.4 USD mn in Jun 2018.

CEIC extends history for quarterly Foreign Direct Investment. The National Bank of the Republic of Belarus provides Foreign Direct Investment in USD based on BPM6. Foreign Direct Investment prior to Q1 2000 is based on BPM5.
Trade Balance Projections
Governance and Business Environment
The national telecom operator in Belarus is Beltelecom. It provides voice and data services, hosting, and is responsible for the maintenance of main lines. The company's portfolio includes the brands byfly (high-speed Internet access) and ZALA (interactive television).

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