Elections in Belarus 2015

2016-2020 Belarus economy reformation program to be released after elections


A program meant to guide the introduction of structural reforms in Belarus’ real economy sector in 2016-2020 will be unveiled in mid-October, Taras Nadolny, First Deputy Chairman of the Board of the National Bank of the Republic of Belarus during the 9th Russian National Banking Forum in Minsk on September, 25.

The government and the country’s central bank are working together to develop a program of structural reforms for 2016-2020, state-run news agency BelTA reports.

The program is likely to be released for public discussion in mid-October, after the 2015 presidential elections.

The program outlines key principles that will allow creating points for ‘sustainable economic growth’.

From the point of view of macroeconomic policy all the basic decisions had been made to enable transition to conditions more comfortable for the real sector, Taras Nadolny said.

They discussed ays to separate functions of the government agency as the agency in charge of regulating an economy branch and functions of the owner of state property, he added. At present state property accounts for about 65% of the total in Belarus, this is why new management approaches are in order.

belsat.eu, following BelTA