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General information on the cooperation with international organizations

BELARUS AND THE WORLD BANK

The Republic of Belarus considers the World Bank as an important and serious partner with significant investment resources along with the best practices and knowledge.

Membership in the Bank allows to attract concessional financial resources for the implementation of investment projects and grants in priority areas of socio-economic development, as well as to receive an analytical and advisory assistance in the relevant areas for the Republic of Belarus.

During the cooperation with Belarus the World Bank invested more than 1.5 billion US dollars. Over recent years the level of investment cooperation has reached a qualitatively new stage. The current portfolio of joint projects was significantly expanded.

INTERNATIONAL FINANCE CORPORATION

 

BELARUS AND IFC

In November 1992 the Republic of Belarus was the first among the CIS countries to sign the relevant agreements and became a member of the World Bank Group and its member-organizations, including the International Finance Corporation (IFC). This marked the beginning of full cooperation with these powerful and authoritative intergovernmental international organizations.

Due to sustainable partnerships with IFC, Belarus had the opportunity to use its potential for timely and successful economic reforms towards the market-oriented economy.

The Republic of Belarus has developed long-term experience of constructive cooperation with IFC. This international organization is one of the largest investors, as well as the major expert in the issues of improving the regulatory environment for business in the Republic of Belarus.

During the collaboration with Belarus IFC has invested over 600 million US dollars in 50 investment projects devoted to the development of private sector, as and allocation of funding to commercial banks for on-lending to small and medium-sized businesses. IFC has been also providing advisory assistance to the Government of the Republic of Belarus on the following issues: simplification of administrative procedures which regulate the activities of small and medium-sized businesses, improving conditions for attracting foreign direct investment, creation of an electronic register of administrative procedures and improving the food safety system.

 

 EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT

BELARUS AND EBRD

The Republic of Belarus became a member of the EBRD in 1992 and owns 6002 shares of the Bank amounting to 60.02 million euros and constituting 0.2 percent of the Bank’s share capital.

Over the history of cooperation with Belarus the Bank carried out the operations aimed at the development of the important directions amounting to more than 1.9 billion euros, which have been used to support small and medium enterprises and private sector development, building roads, improving energy efficiency, development of water supply and sewerage systems.

 NORDIC ENVIRONMENT FINANCE CORPORATION (NEFCO)

 BELARUS AND NEFCO

The beginning of cooperation with NEFCO is linked to the signing of the Framework Agreement between our country and the Corporation (signed on 20 January 2015 in London). The Framework Agreement was ratified by the Law of the Republic of Belarus of 6 July 2015 № 279-З and entered into force on 11 August 2015.

The Framework Agreement sets out general principles, conditions and legal framework for long-term cooperation between Belarus and NEFCO while using financial resources (equity investments, loans, guarantees) provided by NEFCO and relevant for the Republic of Belarus.

 UNDP AND THE UN SYSTEM AGENCIES

The Republic of Belarus attaches great importance to the work of the UN agencies and their contribution to the socio-economic development of the country.

In 2015 the Government of the Republic of Belarus in collaboration with the UN agencies developed and signed the United Nations Development Assistance Framework (UNDAF) devoted to providing assistance to the Republic of Belarus with the aims of development for 2016-2020. UNDAF is the second document that defines the joint strategy of the United Nations system organizations and the Republic of Belarus.

UNDAF provides activities in four strategic areas corresponding UN mandate and comparative advantages of its agencies along with key national priorities that are set out in the National Strategy for Sustainable Socio-Economic Development of the Republic of Belarus adopted until 2030. The general direction of activities and cooperation between the UN system organizations and the Government of the Republic of Belarus for the next five years is defined by thefollowing priorities:

1. Inclusive, operational and accountable governance;

2. Sustainable economic development;

3. Preservation of favorable environment and sustainable management of natural potential, based on the “green” economy principles;

4. Sustainable development of human capital: health, education, social inclusion and protection, integrated development of post-Chernobyl.

UNDP

UNDP launched its activities in Belarus in 1992, the UNDP Resident Representative is also the UN Resident Coordinator that represents the entire UN system and coordinates the activities of the United Nations agencies in Belarus.

UNDP’s mandate in Belarus is determined by the Agreement between the Government of the Republic of Belarus and UNDP of 24 September 1992, stipulating that the UNDP is established “to support and supplement national efforts at solving the most important problems of economic development and to promote social progress and better standards of life”.

Within the framework of cooperation with the UNDP the Government of the Republic of Belarus approved Country Programme of the UNDP for 2016-2020, which was developed by the UNDP with a view to complement UNDAF (that is also approved by the Government of the Republic of Belarus).

Under the new Country Programme for Belarus UNDP’s activities will contribute to: (1) strengthening of effective public administration systems based on the principles of sustainability, accountability and responsiveness;
(2) the formation of “green growth”, taking into account the interests of all stakeholders; and (3) ensure that vulnerable groups have universal access to basic services.