Belarus’ financial system should be effective. This is a key requirement of the President. It has been proposed to place insurance activities and the securities market under the National Bank's control, which would automatically turn the institution into a mega-regulator.
This year, those areas will be left under the control of the Ministry of Finance. To attract foreign investments to the country, non-standard tools will be used. In particular, it has been decided to extend a preferential tax regime for transactions in corporate bonds, which has existed since 2008, for two years. This is a cheaper alternative to usual loans, and enterprises can thus obtain additional funds for development.
