Belarus: The importance of diversification

The Belarusian government with a newly appointed prime minister and minister of economy is trying hard to maintain economic stability and growth. The economy is highly sensitive to Russia’s economic climate and recent slump, combined with low revenues from oil export duties, poses a serious risk to Belarus.

“The main strategy of the government is to have a very strong monetary policy, a good budget consolidation in response to all these very difficult factors that we face, and to maintain the economic potential of our country, create a necessary environment to protect foreign investors, as well as an environment for efficient investment in our country.” says Aleksander Zaborovskiy, First Deputy Minister of Economy of Belarus.

Source:Emerging Europe