This work suggests steps for reforming of Belarusian SOEs in order to find new sources of growth. Major mechanisms of efficiency increase are introduction and improvement of corporate governance, privatization/ attraction of investors, and bankrupcy and liquidation.

wiiw and BEROC study finds that the transition model of the past quarter century has reached its limits, and argues that policy changes are necessary if the system is to survive.

This study analyzes the effects of directed lending upon total factor productivity and GDP growth in Belarus over the period of 2000–2012.

The study deals with a specific form of financial repression peculiar to Belarus – a mechanism of directed loans.