Macroeconomic Forecast Belarus

BMI View: FDI for 2005 came in at US$303mn, only just over 1% of GDP. Overall investment in January-August 2006 rose an impressive 35% y-o-y however, supported by a reduction in enterprise turnover tax, and a lowering of the central bank's refinancing rate from 11% in January to 10% in December. However, for 2007, rates are likely to head up once more to curb rising inflation, and FDI as a percentage of GDP will remain low by regional standards.

To read the full article, please choose one of the following options: