Challenges of multi-vectorism
Boris Zalessky
Challenges of multi-vectorism
Boris Zalessky
In October 2022, at the meeting of the Council of Ministers of the Republic of Belarus, the key factors of growth of the Belarusian economy in 2023 were named. First, it is the outstripping increase in demand due to the build-up of investments in the main capital. It is planned to implement 129 regional, more than 50 import-substituting and 14 integration projects, which are provided with sources and mechanisms of financing. Secondly, it is the growth of exports by five and a half percent. It should be noted that in the first nine months of 2022, Belarus had a foreign trade surplus of four billion dollars. This suggests that the Belarusian economy has entered a sustainable trajectory of recovery growth in 2022. In particular, the main contribution was made by agriculture, and since September - by industry, where the recovery dynamics is also taking shape, growing in sectors that produce high-tech products. How does international cooperation influence the solution of urgent issues of the Belarusian economy development? How does the Belarusian side interact very effectively with key partners on different continents? This is the subject of the proposed study.
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