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for Investment and Privatization is expected to play a bigger role. The 2035 strategy is expected to help Belarus make it into the top 30 countries with the best business climate on the World Bank's Doing Business ranking and get it ranked on the Global Competitiveness Index of the World Economic Forum, the IMD world competitiveness rankings, the Ernst & Young index of countries' attractiveness for venture and direct investment funds. Plans are in place to attract capital of multinational companies (corporations).
In 2017 foreign investors injected $9.7bn into Belarus' economy (except for banks), says the National Statistics Committee of Belarus. The primary investors were from Russia (38% of the total investment), the United Kingdom (26.6%), and Cyprus (7.2%). Foreign direct investment made up $7.6bn, or 78.5% of the total. In 2017 Belarusian economic operators (except for banks) transferred $5.5bn in investments abroad. Considerable sums were channeled into economic operators in Russia (66.9% of the total outgoing investments), Ukraine (17.3%), and the UK (7.6%). Direct investments accounted for 93.8% of the total outgoing investments.
22 BELARUS Country Report March 2019 www.intellinews.com