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Alternative Financing in the Republic of Belarus: Leveraging on Leasing for MSME Financing

SDGs Impacted

Over the last 10 years, the Government of Belarus has increasingly supported private sector participation in the economy and has taken steps to develop a comprehensive MSME policy. This case study shares the collaborative and inter-agency support leading to the growth of the MSME sector, and its available financing, of the Republic of Belarus. Specifically, we will dive into the support of the Development Bank of the Republic of Belarus (DBRB) who is championing the country’s leasing financing efforts. The case study also touches on COVID-19 related support to local businesses, and how the nation’s digitalization efforts have increased financial inclusion.

Impact / Outcome
Alternative finance opens the door for more MSME access to financing, thus mitigates the credit gap. Regulator should ensure that alternative finance mechanisms, particularly leasing and factoring, are enabled and included within the financing environment landscape.
Funding sources
Public/Private
Key Metrics
Boost digital products and services to meet the growing demand for MSME finance tools
Locations
Europe, Belarus
Sector
Financial services
Intervention lever
Indirect government
Operating model
Public-private partnership
Year published
19 February 2021

The EDISON Alliance

A World Economic Forum Initiative