Belarus hopes that WB will help it attract investors

000021_130129_bigBelarus counts on the assistance of the World Bank in attracting investors to Belarus, Deputy Prime Minister Vladimir Semashko said at the  meeting with World Bank Country Manager for Belarus Young Chul Kim.

The WB is now developing another strategy for cooperation with Belarus. The Belarusian side hopes it will be ambitious and fruitful.

“Attracting investors is of crucial importance for us. We will be extremely grateful if you helped us find potential investors who would bring new technologies and opportunities. In my opinion, this should make part of the new strategy for Belarus,” the Deputy Minister noted.

He added that Belarus has favorable conditions for investors.  In particular, the country runs six free economic zones, and is constructing the Chinese -Belarusian Industrial Park “Great Stone” that will offer privileges and preferences to investors.

Belarus mostly cooperates with the World Bank in renewable energy. Recycling projects are seen as important as well — first of them were implemented with the participation of the World Bank.

For his part, the World Bank manager said: “The strategy which was launched in 2013 is nearing completion this year. When we started on it, the amount of active projects was $377 million. Today we have the projects worth $998 million. Every year our portfolio expanded by 2 or 3 projects and the annual funding rose by approximately $200 million.”

Sources: TUT.BY, BelTA.