Be­larus’ Devel­op­ment Out­look

What kind of trans­for­ma­tions are go­ing to take place in the coun­try in the near­est 15 years?

Economy of Belarus - - CONTENTS -

What kind of trans­for­ma­tions are go­ing to take place in the coun­try in the near­est 15 years?

The coun­try’s sus­tain­able growth can be se­cured only with the in­ter­con­nected devel­op­ment of all three com­po­nents – peo­ple, econ­omy, and en­vi­ron­ment

At the start of Fe­bru­ary 2015 the Pre­sid­ium of the Coun­cil of Min­is­ters ap­proved the na­tional strat­egy for Be­larus’ sus­tain­able so­cial and eco­nomic devel­op­ment for the pe­riod un­til 2030. Some pro­vi­sions of the doc­u­ment have yet to be fi­nal­ized. How­ever, over­all the doc­u­ment is clear in its pur­pose. The na­tional strat­egy sets forth Be­larus’ key pri­or­i­ties and devel­op­ment tar­gets for the next 15 years as part of a triad – peo­ple, econ­omy, and en­vi­ron­ment. The doc­u­ment spells out ob­jec­tives, stages and mech­a­nisms of Be­larus’ tran­si­tion to­wards a ma­ture civil so­ci­ety and in­no­va­tive eco­nomic devel­op­ment and guar­an­tees fa­vor­able con­di­tions for per­sonal growth, higher living stan­dards and safe en­vi­ron­ment. One of the de­vel­op­ers of the strat­egy, Direc­tor of the Econ­omy Re­search In­sti­tute of the Be­laru­sian Econ­omy Min­istry Alexander CHERVYAKOV tells the Econ­omy of Be­larus Mag­a­zine how the strat­egy will be im­ple­mented and how it is ex­pected to trans­form Be­larus by 2030.

Strat­egy in Brief

The work on the na­tional strat­egy for Be­larus’ sus­tain­able so­cial and eco­nomic devel­op­ment was based on the law “Con­cern­ing gov­ern­ment state fore­cast­ing sys­tem and so­cial and eco­nomic devel­op­ment pro­grams” passed in 1998. This is a con­sol­i­dat­ing com­pre­hen­sive doc­u­ment tak­ing into con­sid­er­a­tion the in­ter­ests of the public, the busi­ness com­mu­nity and the Gov­ern­ment. There­fore, tak­ing part in the elab­o­ra­tion of the doc­u­ment were rep­re­sen­ta­tives of all gov­ern­ment agen­cies, academia and busi­ness­men. Be­laru­sian and in­ter­na­tional ex­perts and rep­re­sen­ta­tives of NGOs were also in­vited to join the work.

The de­vel­op­ers of the doc­u­ment tried to make it con­sis­tent with the ex­ist­ing strat­egy that was passed in 2000. How­ever, the nu­mer­ous changes that took place over this pe­riod have had a con­sid­er­able im­pact on the na­tional econ­omy.

Mod­ern-day in­ter­na­tional pro­cesses, in­clud­ing glob­al­iza­tion and in­ter­na­tion­al­iza­tion of pro­duc­tion, rapid ad­vance of in­no­va­tive econ­omy, ro­bust growth of the mid­dle class, in­creas­ing de­mand for en­ergy sources, tough­en­ing com­pe­ti­tion for sales mar­kets and raw ma­te­ri­als, in­creas­ing devel­op­ment gap, the rise of poverty, mount­ing en­vi­ron­men­tal threats and other fac­tors have to be taken into con­sid­er­a­tion while de­vel­op­ing the coun­try’s so­cial and eco­nomic pol­icy and choos­ing the most op­ti­mal ways to mit­i­gate the neg­a­tive con­se­quences of the above-men­tioned fac­tors. Apart from that, sci­en­tific ad­vance­ment has re­sulted in the devel­op­ment of new re­source-sav­ing and en­ergy ef­fi­cient tech­nolo­gies. All this re­quires re­vis­ing and spec­i­fy­ing the ma­jor pro­vi­sions, pa­ram­e­ters and in­stru­ments of Be­larus’ longterm sus­tain­able devel­op­ment pol­icy.

Thus, Be­larus’ ma­jor pri­or­i­ties and tar­gets for the next 15 years were determined based on mod­ern­day global trends, the cur­rent eco­nomic sit­u­a­tion in Be­larus, the coun­try’s growth po­ten­tial and devel­op­ment mis­bal­ances.

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