Why Economic Reforms In Belarus Are Now More Urgent Than Ever

For many years, the World Bank experts been saying that Belarus needs structural economic reforms to accelerate economic growth. But today their message is quite different: Belarus urgently needs structural economic reforms to avoid economic instability.  Why the urgency, you may ask, especially given that Belarus has made significant strides in reducing poverty? Alex Kremer, the Country Manager for Belarus, explains. It is impressive how the share of people unable to spend more than $5.50 per day (in 2011 PPP) reduced dramatically from 38.3% in 2003 to 0.4% in 2014. Well, the problem is that this progress was largely achieved … Continue reading Why Economic Reforms In Belarus Are Now More Urgent Than Ever