BELARUS IS MAKING THE FIRST STEPS ONTO THE INTERNATIONAL FINANCE FLOOR

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The financial market in Belarus is not generally accepted as a lever for the economy, despite having an actively developing legislative framework and a well-established stock exchange structure. The main obstacle to attracting long-term foreign loans, in the current economic environment, is the lack of infrastructure solutions.

It is important to note that Belarusian banks use the Russian infrastructure to satisfy the interests of companies, as well as their personal interests, despite their having a complex system for providing financial services to private clients and being the only large-scale aggregators of capital flows. The Belarusian banks that receive cheaper funding from abroad than from the domestic market, are mainly engaged in capital issues and cash and settlement services.