The dialogue between Belarus and the European Union became more structured and economy-oriented in 2017, reads the Annual Review of Foreign Policy of the Republic of Belarus and Activities of the Ministry of Foreign Affairs in 2017.
Having signed and ratified the agreements on financing the EU's cross-border cooperation programs “Poland-Belarus-Ukraine” and “Latvia-Lithuania-Belarus”, Belarus got access to €282.7 million of the EU's funding for the period up to 2020 through a competitive selection process.
A framework agreement with the European Investment Bank will increase the inflow of Western investments into Belarus to a great extent. In 2018, the EIB will start financing the projects agreed upon with Belarus to develop the infrastructure, boost the energy efficiency, and support business in the country. As expected, in 2018 Belarus will be able to take advantage of the funds of the new European Fund for Sustainable Development along with other EU neighboring countries. The fund is intended to trigger up to €44 billion in investments into the economies of these countries.
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