The World Bank Confirmed Significant Economic Growth in Belarus During Recent Nine Years

The Minsk Times

July 7, 2005

As the Deputy Prime Minister, Andrey Kobyakov, stressed in the recent meeting with the director of the World Bank for Ukraine, Belarus and Moldova, Paul Bermingham, a memorandum, prepared by the bank, pointed out positive results of the macroeconomic development of the country.

The Belarusian government is engaged in a program designed for social and economic development for 2006-10. "We'll treat, with interest and great attention, recommendations and proposals which are contained in the memorandum. We are very interested in what is thought of us and suggestions made to us," Mr. Kobyakov mentioned.

Recently interactions of the Belarusian party with the World Bank have intensified. In particular, preparations to organize the project for rehabilitating regions which have suffered from the Chernobyl power station accident, are now being actively conducted.

“We intend to prepare this project as soon as possible and to implement it. I hope, that a loan contract with the World Bank will be approved by the end of this year”, Paul Bermingham expressed his opinion optimistically at a government meeting.