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Tough control over implementation of strategic investment projects in Belarus

Economy 22.05.2019 | 13:20
At the session
At the session

MINSK, 22 May (BelTA) – The government is determined to maintain strict control over the implementation of strategic investment projects, Belarus Premier Sergei Rumas said at a session of the Council of Ministers to discuss social and economic development, BelTA has learned.

“Capital investment is increasing fairly well (up 7.1%). At the same time, the 2019 target stands at 9.5%. In order to fulfill this task, we need to maintain tough control over the implementation of strategic investment projects,” Sergei Rumas said.

The government regularly reviews progress in implementing major investment projects. Calculations made by the Economy Ministry suggest that if these projects had been implemented as planned, the investment target would have been beaten. “Everyone knows their area of responsibility. It was set forth by the government's decision. There will be personal responsibility for these key facilities that are under control by the head of state,” the premier noted.

The head of government instructed the Economy Ministry to conduct a scrupulous review of all key projects. “If you see that deadlines are not met, come to grips with it and put forward your suggestions on disciplinary action,” Sergei Rumas said.

Net foreign direct investment was on the growth track in Q1. Over this period the economy received $973 million of net FDI, two times above the target. The targets were met by all the regions. European countries scaled up their investment activity. The share of European FDI rose by 20% over the same period a year before.

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