Arab Today, arab today world bank to increase current project funding for belarus
Last Updated : GMT 14:39:19
Arab Today, arab today
Arab Today, arab today

World Bank to increase current project funding for Belarus

Arab Today, arab today

Arab Today, arab today World Bank to increase current project funding for Belarus

World Bank
Minsk - XINHUA

The investment portfolio of the World Bank's current projects in Belarus may increase to 1.2 billion US dollars in 2017, an expert of the bank has said.

The World Bank has considerably increased the portfolio of its projects in Belarus in recent years, Young Chul Kim, the bank's country manager for Belarus, said here Thursday.

Ten projects worth 998 million dollars are being implemented this year in Belarus with assistance from the bank, doubling that of two years ago, he said.

"If we can demonstrate to shareholders that Belarus can use up money fast, it will give a reason to talk about giving more World Bank funds to Belarus," he added, saying the country was obviously ready to carry out structural reforms meant to improve the economic situation.

Kim expressed confidence that progress in the area of structural reforms can improve Belarus' prospects in the medium term.

However, he said, an immediate resumption of the country's growth rate is highly unlikely due to the weak diversification of products and target markets.

Earlier, Belarusian President Alexander Lukashenko said his country's great investment potential lies in cooperation with international financial organizations, which "opens the door to many large investors."

He demanded a quick removal of all legal obstacles for investment in the Belarusian economy from international financial organizations.

On April 18, the National Statistics Committee of Belarus said the country's GDP shrank by 3.6 percent in the first quarter of 2016.

In face of an economic downturn, the country has implemented a series of economic reforms, including a higher retirement age, to seek loans from international lenders.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank to increase current project funding for belarus Arab Today, arab today world bank to increase current project funding for belarus

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday