Subject. Theoretical approaches to the institutional basis of investment policy and the applied aspect of its implementation in the Republic of Belarus, formulated in the concept of the theoretical and applied model. Objectives. The study of the formation of the institutional framework of investment policy in the Republic of Belarus and the formulation of a theoretical and applied model of its implementation. Methods. The reliability and argumentation of the presented results are ensured by the use of institutional and systemic approaches, which made it possible to analyze the elements of the institutional framework of investment policy and interpret the result in the form of a theoretical and applied model as a set of elements in relation to strategic development goals. Results. In the Republic of Belarus, there is a need to develop regions and create alternatives to the capital and regional centers. In conditions of limited external financing, the use of such a resource as investments in fixed assets is relevant. This requires the formation of an institutional framework for investment policy, as well as the development of tools for its implementation. The Republic of Belarus has sufficiently developed institutional elements and investment policy instruments. At the same time, there is a strategic vector of the country, where regional development remains a priority. Conclusions. The analysis confirms the need to improve the institutional framework of investment policy in the Republic of Belarus. Consideration of foreign experience in the formation and development of the institutional framework of investment policy makes it possible to adapt the most successful practices to the national economy.
Keywords: investment policy, region, Republic of Belarus
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