World Bank: In­vestors’ in­ter­est in Be­larus in­creas­ing

Economy of Belarus - - MACROECONOMICS -

The World Bank notes the in­creas­ing in­ter­est of in­vestors in Be­larus, Young Chul Kim, World Bank Coun­try Man­ager for Be­larus, told re­porters.

Young Chul Kim em­pha­sized that Be­larus’ up­ward move­ment in the Do­ing Busi­ness is a good sig­nal for in­vestors. Macroe­co­nomic in­di­ca­tors in the coun­try have sta­bi­lized thanks to the con­sis­tent and thor­ough work of the gov­ern­ment and the Na­tional Bank. The in­ter­est in Be­larus among in­vestors is in­creas­ing. “We see a grow­ing in­ter­est in the coun­try, es­pe­cially in the past year,” he stressed.

Ac­cord­ing to the head of the WB Of­fice in Be­larus, in­vestors show in­ter­est in such ar­eas as trans­port, petro­chem­i­cal in­dus­try, phar­ma­ceu­tics, IT. Young Chul Kim drew at­ten­tion to the fact that this has be­come pos­si­ble due to a num­ber of rea­sons, among which is the sta­bi­liza­tion of the macroe­co­nomic sit­u­a­tion in the coun­try, devel­op­ment of re­la­tions with other states, the mem­ber­ship of Be­larus in the Eurasian Eco­nomic Union.

Young Chul Kim re­called that in 2007 Be­larus ranked 129th on Do­ing Busi­ness out of 175 coun­tries. This year it has reached the 37th po­si­tion among 190 dates. This in it­self is an achieve­ment. It is ob­vi­ous that Be­larus is among the coun­tries which show very good re­sults with re­gard to the cre­ation of the en­vi­ron­ment con­ducive to busi­ness. But the state must ben­e­fit from these ef­forts which should ma­te­ri­al­ize in an in­flow of new in­vest­ment in the coun­try.

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