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Finance and Credit
 

Institutional traps of the Investment fund of the Russian Federation

Vol. 15, Iss. 3, JANUARY 2009

Available online: 20 August 2009

Subject Heading: Investment activity

JEL Classification: 

Mitrofanova I.V. PhD, chief of Strategic Economic Research Laboratory of the South Research Centre of the Russian Academy of Science, associate professor of the Department of Economics and Economic Policy
mitrofanova@volsu.ru

Sizov Yu.I. PhD, professor, Volgograd State University
sizovpriem@volganet.ru

The main sources of state funds for financing of investment projects of different status, scale and significance are the Federal Target Investment Program, Federal Fund for Regional Development and from the year 2006 – Investment Fund of the Russian Federation created to promote implementation of wide-scale infrastructure and innovation projects at the expense of intensive introduction of mechanisms of Private-Public Partnership (PPP). However, practical experience shows that the instrument in its current state more likely represents a certain phantom, a myth full of institutional traps.

Keywords: fund, financing source, efficiency issues

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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