This Policy Brief deals with the current challenges and problems of the Belarusian financial industry.

The article presents data from a survey of IT companies in Belarus, conducted in December 2020.

The article reveals the essence and peculiarities of Insurtech development as one of the FinTech industry areas.

Today’s political crisis in Belarus has given a rise to the phenomenon classified in political science as political illegitimacy. We argue that resolving the political crisis in a way that revives trust and legitimacy is the only ‘good’ solution.

The policy paper considers the recommendations of the International Monetary Fund and analyses the measures that central banks take to support and enhance the quality of financial institutions work with economic entities, including customers, that are most affected by the coronavirus pandemic.