The World Bank began to develop new country strategy for Belarus for 2012-2015

The World Bank began to develop new country strategy for Belarus for 2012-2015. This was stated by Director of World Bank for Ukraine, Belarus and Moldova Martin Raiser at a press conference in Minsk on Friday.

"While we are at the very beginning of this discussion. The recently held World Bank capital increase, but the amount that will be available to each country, yet determined. Therefore, to talk about any particular level of funding early "- said Reiser.

"But I believe that our goal in Belarus should be the development of the successful results that were achieved under the current strategy. I think this should take the form of a very intensive dialogue on structural reforms. And if these reforms will take place, we will be ready to support these reforms as part of our development loans "- he added.

Reiser also said that the World Bank has a number of successful investments in the modernization of social and economic infrastructure of Belarus, under which the bank also plans to develop cooperation.

According to him, the next phase of economic growth in Belarus has "a much greater reliance on the dynamic development of private entrepreneurship and the growth of foreign direct investment, which will attract new technology and gain access to new markets."

As stated permanent representative of the World Bank in the country, Ivan Velev, the general direction the country strategy for Belarus for 2012-2015 will remain the same. Particular attention will be given to structural reforms and government programs for infrastructure development.

As previously reported, the World Bank under the revised strategy for cooperation with Belarus for 2008-2011 has increased the possibility of providing annual financial support the country with 100 million to $ 250 million.