Home  Journals  Finance and Credit  19(355) – 2009 May

Participation of development banks in the national economy modernization

Available online: 16 September 2009

Subject Heading: Banking management

JEL Classification: 

The international practice uses the project financing method in order to solve problems of attracting financial resources to capital-intensive sectors. In our country the project financing method is underdeveloped. The basic cause for that is the absence of development banks at our country. In 2007 the Federal Law “On the development bank” was passed, which regulates the basics of activities of the development bank – Vnesheconombank. The article describes the principles of functioning of Vnesheconombank and sectorial priorities of its investment activities, highlights the most important projects it has been a part of.

Keywords: finances, resource, bank, development, investments, activities

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

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