The World Bank will provide Belarus with a 10 million dollar loan to modernise its public finance management system. An ambitious programme of reforms in medium-term and result-oriented budget planning, treasury operation, debt management and accounting in the public sector has been planned. The system modernisation is based on the World Bank"s proposals submitted after a careful evaluation of state expenditures and financial reports in Belarus. The reforms will lead to an increase in budget transparency and consistency with policy priorities.