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Personal cabinetFormation of financial instruments to support sustainable development at the national level
Bibliographic description of the article for the citation:
Стародубцева Любов. Formation of financial instruments to support sustainable development at the national level//Science online: International Scientific e-zine - 2018. - №9. - https://nauka-online.com/en/publications/economy/2018/9/05-21/
Annotation: The article is devoted to the issues of forming financial instruments to support sustainable development at the national level. The study aims to analyze and improve the existing theoretical and methodological principles of financing sustainable development and substantiate the financial instruments to support sustainable development at the national level. The article considers the theoretical and practical aspects of financing sustainable development, which is key to ensuring economic growth, social justice, and environmental sustainability. The study analyzes the main problems associated with financing sustainable development projects, such as insufficient state funding, low private sector interest, difficulty accessing international capital markets, imperfection of financial mechanisms, and lack of effective coordination between stakeholders. It was found that the main factors that complicate sustainable development financing are the low level of awareness of financial market participants about the advantages of sustainable financing, the imperfect regulatory framework, and the lack of incentive mechanisms, such as tax incentives and subsidies. The study revealed the importance of integrating economic, environmental, and social aspects in financial policy to ensure long-term sustainability. The study substantiates the importance of using innovative financial instruments, such as green bonds, environmental funds, social bonds, and tax incentives to attract investments in sustainable development. The article also examines the specifics of financial instruments by components of sustainable development: economic, environmental, and social. Particular attention is paid to the issues of resource mobilization, environmental management, innovation stimulation, and social justice. It is noted that effective financial risk management is an important condition for ensuring the sustainability of financial systems. The study contributes significantly to understanding the concept of financing for sustainable development, offering practical recommendations for improving financing mechanisms that will contribute to achieving sustainable development goals.