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Belarus’s modernisation push moves up a gear

With its infrastructure being overhauled, backed by private money, a renewed focus on SME lending and mobile banking taking off, Belarus appears to be on an upward spiral. 
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Belarus’s banks are on a major drive to finance the country’s capital-intensive infrastructure projects, lend to small and medium-sized enterprises (SMEs) and provide credit to exporters. The Development Bank of the Republic of Belarus (DBRB), a government institution, has been leading the charge since its creation in 2011 and the pace of activity is speeding up.

Several of the DBRB’s milestone projects have come to fruition in 2019. One was the completion of Minsk airport’s second runway. “This allows it to accept the largest airplane in the world, the Airbus A380, in any weather conditions,” says Andrei Zhish-kevich, the DBRB’s chairman.

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