IMF and World Bank missions will visit Belarus in June
23.04.2016 |Economy| EuroBelarus Information Service,
The missions will supposedly visit the country to evaluate the economic situation in the country.
A mission from the International Monetary Fund and representatives of the World Bank leadership will visit Minsk in June, Finance Minister Vladimir Amarin told journalists on Thursday.
The IMF said it would be willing to lend to Belarus provided efforts were made to reform its economy, REUTERS reports.
World Bank representatives are to visit Belarus soon, too, aide to the President of Belarus, head of the main economic department of the Presidential Administration Kirill Rudy said in an interview to the Russian broadcasting service Voice of America during the annual spring meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) in Washington.
“Talks have already been held with the World Bank leadership. It was an optimistic dialogue. We agreed to continue cooperation. Representatives of the World Bank expressed their intention to visit Belarus in the near future, perhaps in a month's time,”BelTA reports Kirill Rudy saying. According to him, two vice presidents of the bank are expected to visit Belarus.
“We are currently facing certain difficulties, but it is not the only factor. It is understood that the changed situation on raw material markets and in the region has been affecting us, - the aide to the President of Belarus noted. – The IMF, however, forecasts gradual recovery of our economy in 2017.”
The Belarusian government has invited the European Bank for Reconstruction and Development (EBRD) to prepare five large state-owned companies for privatization.
Officially, the unemployment in our country is reducing – if judging by the number of registrations at the labor exchange; however, the number of jobs doesn’t increase in the economy.
Recently Belarus State Military Industrial Committee announced that in the first half of 2016 its enterprises earned a net profit of $80m, thus over-fulfilling the assigned export plans by a quarter.
Poor economic conditions in the countryside, restrictions, unfair competition, inefficiency of state-owned agricultural enterprises also contribute to this ‘success story’, writes Aliaksandr Filipau.
On 20 June Lukashenka met with vice-chair and president of the Chinese CITIC Group Corporation Wang Jiong; it seems especially important in light of Lukashenka’s planned visit to China in September.
All the conditions for everyone to be able to earn a decent salary have been enabled in Belarus, however, it is necessary to make some effort to get the money, assumes the president.
Belarus is losing currency earnings – in the 6 months of 2016 the country earned 3 billion less than in the same period in 2015. Instead of removing the causes of the flop the state relies on magic.
He said Belarus would likely face economic tightening not only as a result of the coronavirus pandemic but also a Russian trade oil crisis that worsened this past winter.
In his report, philosopher Gintautas Mažeikis discusses several concepts that have been a part of the European social and philosophical thought for quite a time.
It is impossible to change life in cities just in three years (the timeline of the “Agenda 50” campaign implementation). But changing the structure of relationships in local communities is possible.