ATTRACTION OF PRIVATE INVESTMENTS TO IMPLEMENTATION OF THE NATIONAL DEVELOPMENT GOALS WAS DISCUSSED AT THE FINANCIAL DIRECTORS CLUB MEETING

It is planned to allocate over 13 trn rubles from the federal budget funds to achieve the national development goals until 2024. For this purpose, the amount of business participation is supposed to exceed this figure two- or threefold. The Financial Directors Club meeting “Provision of the State Support Measures: Mechanisms of Implementation and Efficiency of Private Investments Attraction to Investment Projects within the Moscow Financial Forum of 2019” was held on the first day of the Moscow Financial Forum.

The experts have come to the conclusion that social infrastructure plays an essential role in implementation of major projects. “When we intend to move 3000 people to the Far East, we keep guessing how to arrange this. How shall we organize 3000 professions, where shall we teach these professions? It is not always possible to teach in the former academic institutions. We have tried already but such departments closed some time later”, reported Alexey Belous, Deputy Chairman of the Gazprombank Management Board. “Besides, interaction with state authorities is also important. It is impossible to make a quality investment project without supervision from the state”, he claimed. 

“We have altered the state approach to implementation of major projects conceptually. We have virtually formed a competitive selection, enhancing fair competition. We enroll the competitive bidders in the rating list and select the first 80 from the best ones who are later become engaged in the projects”, commented out Andrey Ivanov, Deputy Finance Minister of the Russian Federation. The business session participants presume it will not only encourage attraction of private investments to achievement of the national development goals but will also help to implement them with ultimate efficiency.
Share