The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition substitutes the previous term 'problem assets.' One of...

Until 2020 Belarus will need to invest between USD 10–30 bn in its electricity sector. Under the current strategy only USD 675 m are to be invested annually in the entire energy industry (including heating). We argue that the planned financing mix, especially the high budget finance, is not...