Исследовательский Центр ИПМ
Kasrtyčnicki Ekanamičny Forum

Improving the integration of financial and non-financial SME support in Belarus

The state support for small and medium-sized enterprises (SME) in Belarus is currently composed by a catalogue of solitary programmes that work isolated from each other. As a result of such an approach, the SME support offer suffers from such major problems as supply excession of promotional investment loan programmes over demand for it, whilst the demand for non-financial support is pretty much ignored, many of the SME support programmes are underused, there are only few synergies between the programmes, the support offer does not suit to SMEs’ needs in the different process stages.
In order to overcome those problems and increase the efficiency of state SME support, we recommend a list of measures that are easy to implement at almost no additional costs.