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31 August 2022, 18:37

Belarus' Development Bank's financial performance evaluation system praised

Roman Golovchenko
Roman Golovchenko

MINSK, 31 August (BelTA) – Prime Minister of Belarus Roman Golovchenko took part in a session of the Supervisory Board of the Development Bank of the Republic of Belarus (DBRB), BelTA has learned.

The bank has created a system to evaluate financial state of Belarus' 100 largest enterprises. Roman Golovchenko said: “The system is rather convenient for users, has a good degree of visualization, fast and rather vivid images and methods for displaying economic information but it is based on unconventional economic effectiveness indicators we are not completely accustomed to.”

The prime minister believes that benefits of the system became obvious after several months of pilot operation. “It is necessary to move ahead with deploying the system, getting not only the largest taxpayers connected to it but other organizations, too. Or those, which are constantly monitored due to the realization of the most important investment projects, or those where the effectiveness of state support needs to be monitored – how well it really works to improve economic performance of enterprises,” Roman Golovchenko pointed out.

Participants of the session were also supposed to discuss the main results of the work of the Servicization and Reengineering Agency. According to Roman Golovchenko, the agency is supposed to improve the mechanisms for providing government services, convert them into the digital format, simplify interaction between individuals and the state and between businesses and the state, reduce the administrative burden on commercial entities, and accomplish other tasks concerning the digitization of business processes. Work has already been in progress in several areas – from several months to half a year. A number of projects are at the planning and justification stage. “We will also discuss it today and will identify tasks to be accomplished in the short term and the medium term,” Roman Golovchenko said.

Apart from that, matters concerning the operation of the Development Bank will be discussed, in particular, performance in H1 2022 and annual performance projections.

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