Visiting Belarus visa-free

World Bank

Belarus joined the World Bank Group in 1992: International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).

Mr. P.Prokopovich, Deputy Prime Minister of the Republic of Belarus is the Governor of the World Bank Group for the Republic of Belarus. Mr. N.Snopkov, Minister of Economy of the Republic of Belarus is the Deputy Governor of the World Bank Group for the Republic of Belarus. The World Bank Group Resident Representative Office was opened in Minsk in 1992.

Under the Resolution of the Council of Ministers of the Republic of Belarus No.1504 dated October 30, 2002, the Ministry of Economy of the Republic of Belarus is the key government body for cooperation of Belarus with the organization.

The World Bank Group's Country Partnership Strategy for Belarus for 2014-2017 fiscal years was approved by the Executive Directors of the World Bank on June 6, 2013.

In accordance with the Partnership Strategy, $380 million will be allocated by the International Bank for Reconstruction and Development and $140 million – by the International Finance Corporation for the implementation of the 2014-2015 years projects in Belarus.

World Bank Vice President for Europe and Central Asia Ms. Laura Tuck visited the Republic of Belarus on September 15-17, 2014. The implementation progress and prospects of the Country Partnership Strategy for Belarus, the implementation of ongoing investment projects have been discussed at meetings held by His Excellency Alexander G. Lukashenko, President of the Republic of Belarus, the Government,  representatives of private sector. Projects on transport infrastructure and forestry development
, totaling more than $300 million, seek the approval of the Executive Directors. The cooperation priorities for 2015 are projects in the area of public finance management, private sector development, small and medium enterprises, public services in education.

Implementation of the projects

 

Post-Chernobyl Recovery Project (additional loan)

On September 28, 2010 the Executive Directors of the World Bank approved an additional loan to Belarus for the Post-Chernobyl Recovery Project ($30 million).

Within the framework of this project there are two goals:

·     Improving of energy efficiency: heat supply optimization (installation of energy efficient lamps; heat insulation of buildings etc.) in the social facilities on the contaminated territories of the Mogilev, Gomel and Brest regions.

·     connection of individual homes, situated on the contaminated areas, to natural gas.

Water Supply and Sanitation Project

Starting date is September 30, 2008. This project is aimed at improving efficiency, quality and stability of water supply and sanitation services for 1.7 million consumers in 20 regions across the country. These activities are being carried out in addition to the State Programme on water supply and sanitation ”Clean Water“.

Energy Efficiency Project

The implementation of this project, financed by the World Bank, has begun in 2009 and will take 5 years. World Bank loan is $125 million. The project is aimed to convert existing heat-only-boiler plants to combined heat and power plants in a number of Belarusian cities. Consequently, after the implementation of modern gas turbine plants and gas engines, about 90 megawatt of additional electric power will be gained. The efficiency of heat and energy production on the objects involved in the project is expected to increase by 30%. By estimates, about 90 million cubic meters of natural gas will be saved annually. As a result, carbon dioxide emissions will be reduced by 165 tons a year.

Integrated Solid Waste Management Project

The project is aimed at construction of a modern mechanical separation plant to recover recyclable materials from commercial and household waste in Grodno.

For implementation of the project, on July 5, 2010 the loan agreement with the World Bank worth $42.51 million and the agreement on providing a grant by the Global Ecological Fund of $5.5 million were signed.

Road Upgrading and Modernization Project (M-5/E 271 Minsk — Gomel)

The amount of the loan is $150 million. The project is focused on improvement of highways in certain areas (excavation works, asphalt laying, building of grade separation structures etc.) and providing the highways with safety facilities, construction of bus stopping areas, underground passages, and installation of sound-proofing screens.

On December 3, 2009 the agreement on a Development Policy Loan of $200 million was signed in Minsk. The loan will support reforms in two fields:

·   overcoming of economic recession consequences and carrying out the reforms at the cost of consolidating of public assistance system;

·   providing the basis for steady economic development at the cost of fostering private sector development and competitive recovery by means of economy liberalization and enforcement of financial discipline.

The loan is granted for 16 years with the grace period of 6 years.