FINANCIAL AND CREDIT MECHANISMS FOR ENSURING INVESTMENT DEVELOPMENT OF UKRAINE
Abstract
The article outlines and systematises key elements of the financial and credit mechanism of ensuring investment development of Ukraine. The author's own definition of the category "financial and credit mechanism for ensuring investment development" is proposed. The aim of the article is to define and systematise the key elements of the financial and credit mechanism for ensuring investment development of Ukraine. Based on the analysis of domestic and foreign scientific sources, the main elements of the financial and credit mechanism are defined, which include: object, subject, sources of financing of investment development, instruments of financial and credit support. The role of national promotional banks in the system of subjects of the financial and credit mechanism for ensuring investment development is determined. It has been determined that the special role of promotional banks as subjects of the financial and credit mechanism of investment development is determined by the following features: a special mechanism for mobilising long-term financial resources; a special mechanism for long-term investment in the main branches of the real sector of economy (direct long-term bond loans, issue and stock transactions, investment in equity); a special mechanism for implementing short-term lending to the real sector of economy, usually in working capital. The author’s comes to the conclusion that in order to form an effective financial and credit mechanism for investment development it is necessary to define its main elements, such as subject, object, tasks, functions, principles, methods and forms of influence, as well as regulatory and legal support.
References
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