This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: References need to come after commas and full stops, not before. Please help improve this article if you can.(March 2020) (Learn how and when to remove this message)
The World Bank Group is a large international financial institution that continuously provides loans and grants in order to fund capital projects in poor and developing nations across the globe. Its main goal is to reduce poverty worldwide. It consists of five other large international financial banks within in, each providing funding for different types of projects. Belarus joined the World Bank back in 1992 and has since then received over $2.5 billion in lending commitments since then and in the form of grant financing, it has received $31 million, with much of this funding going towards programs that include civil society partners.[1] Currently, Belarus's active portfolio within the World Bank has a total of $933 million, with it containing a total of nine different projects, as well as two more projects that are currently still in preparation in the areas of energy efficiency and higher education.[2] The majority of this funding has been directed towards the themes of pollution management and environmental health, climate change, and rural services and infrastructures, with the majority of the funding going directly into the central government, other agencies and extractives, and forestry sectors of the country, as well as sustainable energy.[3] In looking to have more economic growth, improving the private sector environment within Belarus could help.[4]
Belarus has seen much economic struggle in the past and has struggled to recover from past economic collapses, especially with the collapse of the USSR socialist system making it one of the poorest countries in Europe at the time with around 50% of the population living below the poverty line. In the year 2000, people living within poverty was at a high of 60%, but was drastically cut to below 1% by 2013 as Belarus experienced much of its financial growth between the years of 2006-2011 as expenditures amongst the bottom 40% of the population actually increased during the financial crisis.[5] Unemployment still remains a major issue today as less than 10% of those unemployed do not even receive welfare benefits.[6] However, even with much of its economic advances, Belarus has since then remained on the decline due to weakness in exports and final consumption, as well as large public debt.[7]
Despite its efforts for economic growth, Belarus has long struggled with a relatively low Gross Domestic Product per capita and continues to even today due to low productivity growth and worsening external environment.[8] Belarus's last record of gross domestic product per capita has it at 6744.50 US dollars back in 2018 and a GNI per capita of 5,670.[9]
^"Belarus: Turning Economic Recovery into Sustainable Growth". World Bank. Retrieved 2019-12-02.
^"Overview". World Bank. Retrieved 2019-12-02.
^"Projects". World Bank. Retrieved 2019-12-02.
^"Belarus: Improved Private Sector Environment is Key to Income Growth". World Bank. Retrieved 2019-12-02.
^"Belarus Economic Update — April 2018". World Bank. Retrieved 2019-12-04.
^"Social Security Programs Throughout the World: Europe, 2016 - Belarus". Social Security Administration Research, Statistics, and Policy Analysis. Retrieved 2019-12-04.
^"Belarus". World Bank. Retrieved 2019-12-02.
^"Belarus Needs to Strengthen Competitiveness for Economic Resilience and Robust Growth, Says Report". World Bank. Retrieved 2019-12-02.
Belarus, officially the Republic of Belarus, is a landlocked country in Eastern Europe. It is bordered by Russia to the east and northeast, Ukraine to...
The National Bank of the Republic of Belarus (NBRB; Belarusian: Нацыянальны банк Рэспублікі Беларусь; Russian: Национальный банк Республики Беларусь) is...
The economy of Belarus is an upper-middle income mixed economy. As a post-Soviet transition economy, Belarus rejected most privatisation efforts in favour...
administration and law to energy development and fishing. On March 2, 2022, theWorldBank halted all programs in Russia as well as Belarus due to the war in...
theWorld's Leading Economists. 18 December 2023. Wikimedia Commons has media related to Money of Belarus. National bank of the Republic of Belarus -...
TheWorldBank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known...
The Union State, or Union State of Russia andBelarus, is a supranational union consisting of Belarusand Russia, with the stated aim of deepening the...
Russia andBelarus have been boycotted by many companies and organizations in Europe, North America, Australasia, and elsewhere, in response to the Russian...
2018. The IIHF announced the winning bid on 23 May 2014 in Minsk, Belarus. South Korea made its debut at theWorld Championship, having played in the lower...
Savings Bank "Belarusbank" is the largest bank in Belarus that occupies leading positions in the Belarusian banking system by volume of equity, assets...
Belarus I.Petrishenko meets the Ambassador of Mali". 14 September 2017. Retrieved 29 July 2021. "Belarus-Kenya". Retrieved 29 July 2021. "Belarusand...
The following outline is provided as an overview of and topical guide to Belarus: Belarus is a landlocked country in Eastern Europe. Its strongest economic...
World Heritage Sites in Belarus". worldatlas.com. Archived from the original on 16 September 2016. Retrieved 30 August 2020. "Belarus". UNESCO World Heritage...
multilateral development banks, the EBRD has members from all over theworld (North America, Africa, Asia and Australia, see below), with the biggest single shareholder...
city in Belarus. It serves as the administrative centre of Gomel Region and Gomel District, though it is administratively separated from the district...
shock therapy during the 1990s post-Soviet transition, maintaining state ownership of key industries in Belarus. This spared Belarus from recessions as...
of 5 post-Soviet states consisting of all the member states of the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) which initially...
gerb Respubliki Belarusʹ (Государственный герб Республики Беларусь). Between 1991 and 1995, Belarus used a coat of arms, known as the Pahonia, as its...
such as Qatar, Belarus, Egypt and Venezuela. He involved in the discussions of a potential World Oil Bank involving Russia and Venezuela, and agreed on a...
The government of Belarus is criticized for its human rights violations and persecution of non-governmental organisations, independent journalists, national...
historical list of the ten largest countries by GDP according to theWorldBank shows how the membership and rankings of theworld's ten largest economies...
international non-bank financial institution founded in 1997 in the Czech Republic and headquartered in Netherlands. The company operates in 9 countries and focuses...