Развитие Частного Сектора

MAIN DIRECTIONS OF ACTIVITY

The share of the private sector in Belarus' GDP according to international estimates is one of the lowest in the region. The private sector in Belarus is represented mainly by micro, small and medium-sized businesses (SMEs). The low level of SME participation in the national economy hampers the creation of jobs, the development of modern production and services, and slows down the exchange of technologies that form the basis of a competitive market economy. The leading role of the private sector in economic development is gaining increasing recognition from the Government of the Republic of Belarus, but the business climate and business support infrastructure still need to be improved.

MAIN GOALS OF THE PROGRAM

Increase the competitiveness of the private sector and increase its contribution to the national economy by:

  • Improvements in the business climate for SME development;
  • Strengthening the capacity of SMEs;
  • Improve access to financial resources.

OVERVIEW

The United States Agency for International Development (USAID) supports the development of the private sector in Belarus by improving the business environment, enhancing the competencies of private SMEs, and improving the access of SMEs to financing. USAID is promoting the expansion of access to modern technologies, the development of innovative entrepreneurship and start-ups. USAID supports the promotion of business interests, improving business conditions, the development of business support organizations, raising the level of financial literacy and improving access to finance.

OUR PROGRAMS

Reducing the regulatory burden on business and improving the national system of standardization and certification

The project continues the joint activities of USAID, the Swedish International Development Cooperation Agency (Sida) and the International Finance Corporation (IFC) to improve the business environment in Belarus, which has been implemented since 2010. The activities of the new stage of the project are aimed at further reducing the regulatory burden and increasing the international competitiveness of the Belarusian business. IFC assists Belarus in developing legislation to support small and medium-sized businesses, improving the certification and standardization system in accordance with international standards, simplifying export and import procedures.

World Entrepreneurship Week

Since 2011, USAID is the main partner of the World Entrepreneurship Week in Belarus, organized by the Business Communication Center BEL.BIZ. The Enterprise Week is an international initiative to promote entrepreneurship and innovation, in which more than 160 countries participate. In Belarus, the Week is one of the key annual events for SMEs, attracts thousands of participants, including start-ups and held entrepreneurs, investors, local and international experts, government officials and youth.

Facilitating the development of start-ups and start-ups

The development of innovative entrepreneurship is one of the main areas of support for USAID. In 2015, USAID, in cooperation with the Business Communication Center BEL.BIZ, launched a new project to develop start-ups and strengthen the infrastructure for supporting innovative entrepreneurship. The project includes business trainings, the exchange of experience and the best international practices, facilitates the inclusion of Belarusian IT entrepreneurs in the global start-up movement. Since 2016, USAID, in partnership with the Society for the Promotion of Innovative Business (OSIB), is also developing an infrastructure for supporting start-ups in the regions of Belarus. The main audience is young people with innovative ideas and lack of experience in business.

Development of venture financing

A new project in the field of venture financing in Belarus was launched in late 2016. The project contributes to the formation of a regulatory environment for the development of venture financing, the formation of investors, the formation of a local investor community, the inclusion of Belarus in the international venture capital financing system, the support of accelerators and startup competitions, educational activities for start-ups in order to increase their attractiveness to investors.

Business education

For more than 10 years, USAID has been supporting the development of business education in Belarus, both academic and non-formal, through the introduction of international educational standards, professional exchanges, the development of new educational courses and formats, including distance education.

Improving access to financial resources for the rural population

USAID contributes to the economic empowerment of the rural population by raising the level of financial literacy, developing entrepreneurial skills, and improving access to microcredit for business purposes. The project activities are aimed at improving the legal regulation and practice of microfinance, as well as promoting the best world experience in Belarus. The project activities are implemented by the Republican Microfinance Center (RMC) throughout the country, with special attention paid to the rural areas of the Minsk and Brest regions.

MAIN RESULTS

Support and training for Belarusian entrepreneurs

  • About 30 legislative acts have been developed in the field of business regulation over the past six years. Among the most successful results are the introduction of a single list of administrative procedures, the improvement of the system of inspections,
  • More than 6,000 representatives of SMEs took part in Business Edge trainings based on IFC's internationally recognized methodology. As a result of trainings, about 65% of participants improved their operational activities.
  • In the events of the World Entrepreneurship Week held by BEL.BIZ, from 1,000 to 1,500 people participated annually.
  • Starting in 2013, dozens of young people from the technology sector are trained in the start-up school TechMinsk . Only in 2015-2016, USAID support allowed to gain knowledge and practical skills in the development of start-ups for 73 young entrepreneurs, of which 30% are women. Graduates of the school created 26 companies, among them 14 are managed by women.
  • In 2013, the IMAGURU Entrepreneurship Promotion Center was opened - a unique platform for the development of entrepreneurship and high-tech business.
  • Since 2016, the Society for the Promotion of Innovative Business (OSIB) has opened 12 start-up schools (start.by) of the evening format in the Minsk, Vitebsk, Grodno, Brest, Gomel and Mogilev regions. At the moment, 2000 entrepreneurs have been trained. It attracted 54 experts for mentoring and training from among successful entrepreneurs who share their experience with beginners for free. According to the results of the training in the Startup schools, the participants submit their projects to experts and investors within the Days of the Expert and Days of the Investor, which will be held several times a year in the regional centers of Belarus.

Improving access to financial resources for the rural population of Belarus

  • The project includes organizational development components for microfinance organizations , including microfinance and microleasing technologies in rural areas.
  • Two international conferences on financial literacy and modern SME financing instruments were held, the latter being organized in partnership with the National Bank and the Ministry of Economy.
  • 61 trainer is certified for financial courses "Plan your future".
  • The financial literacy of more than 2,000 representatives of rural small business and owners of personal subsidiary plots has been raised. About 900 people got knowledge on entrepreneurship and agricultural production technologies.

Last updated: November 07, 2017

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