Updated at 14:52,24-02-2021

Unemployment benefits in Belarus may rise to minimum wage


The International Monetary Fund (IMF) outlines a road map for Belarusian authorities to tackle economic problems.

Belarus authorities are preparing for the next round of talks with the International Monetary Fund. On April 17-18, Washington will host the next session of the International Monetary Fund and the World Bank. The Belarusian delegation will arrive there with a road map for structural reforms of the economy.

According to BelaPAN, this document provides a review of mechanisms for allocating financial resources in the economy and the transformation of state-owned enterprises' sector. It also spells the gradual deregulation of prices and the strengthening of the social welfare system.

In particular, it is planned in the years 2016-2020 to reduce loans financing government programs. State enterprise will have state aid reduced. Large enterprises are to be restructured. Small and medium-sized enterprises working in the service sector are expected to be privatized.

At the same time it is planned to start abolishing price controls and gradually increase tariffs for housing and transportation services.

In the area of ​​social protection it is proposed to increase the size of unemployment benefits to the level of the minimum wage.