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26 December 2024, 18:29

PM outlines tasks for Belarus’ Development Bank in 2025

MINSK, 26 December (BelTA) – Belarusian Prime Minister Roman Golovchenko outlined the tasks for 2025 during a meeting of the Supervisory Board of the Development Bank, BelTA learned.

“Traditionally, in December we convene a meeting of the Supervisory Board to consider the documents for next year. These are the key performance indicators for 2025, income and expenditure estimates, and capital investment estimates. The preliminary results of the Development Bank's performance this year are already clear. I will ask you to dwell on these results in your reports because the indicators for the next year depend on the results of the current year,” Roman Golovchenko said. 

These indicators are linked to the most important parameters of the country's development, which are defined by the decree of the head of state for 2025. “Let me remind you, these are GDP growth by 4.1%, exports by 5.4%, capital investment by 7.8%. Maintaining high economic growth also implies an strenuous mobilizing task for all state bodies and organizations of the government system, including the Development Bank. For our entire economic system, these tasks are spelled out in the government-approved social and economic development plan for 2025. Therefore, the main task today is to assess whether the key indicators proposed for approval by the Supervisory Board are in line with the tasks set for the Bank. Especially the third indicator - capital investment,” the prime minister said.

According to him, the number of projects financed by the Bank has increased significantly this year. It is expected that the investment support should gain momentum in 2025.

Another strategic item is export support. “The task is quite strenuous, given the difficult processes taking place in the economies of the countries that are major trading partners. Therefore, increasing exports also requires appropriate financial support,” Roman Golovchenko concluded.
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