While Belarus has the relevant policies and measures in place, there is some potential for improvement. Attention should be given to enhancing the regulatory effectiveness of the country.
The three EIRA risk areas are on the same level as last year. The risk of discrimination between foreign and domestic investors remains the lowest. It is followed by breach of State obligations and unpredictable policy and regulatory change.
Belarus’s performance against EIRA’s four indicators is good. Management of decision-making processes is the highest scoring indicator with 72 points. On regulatory environment and investment conditions and rule of law, it has received 69 points each. Foresight of policy and regulatory change is at 57 points.
On a more detailed level, Belarus’s sub-indicator performance is good. Restrictions on FDI has the highest score with 100 points. On management and settlement of investor-State disputes (85), transparency (75), institutional governance (69), communication of vision and policies (65), respect for property rights (53), and robustness of policy goals and commitments (48), it has retained the scores from 2018. Regulatory effectiveness continues to be the lowest scoring sub-indicator with 39 points.