DOI: 10.33917/es-4.196.2024.18-25

Despite improving economic indicators and revisions towards better forecasts for 2024, systemic threats and risks, which are not always obvious, remain in the global economy. In the article, the author draws attention to a number of new problems and circumstances that are changing financial landscape in the world. In particular, attention is paid to expanding approaches of central banks in new conditions, risks arising from the technological advancement of commercial banks, which requires more careful control to prevent a destabilizing effect on the financial sector as a whole, etc.

References:

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2. UN. World Economic Situation and Prospects. May 2024, available at: https://www.un.org/development/desa/dpad/publication/world-economic-situationand-prospects-as-of-mid-2024/

3. Bank JP Morgan otkroet bolee 500 novykh otdeleniy v blizhayshie tri goda [JP Morgan will Open More than 500 New Branches in the Next Three Years]. Kommersant. 2024. 6 fevralya. URL: https://www.kommersant.ru/doc/6494367

4. China’s central bank hints it may add treasury bond trades to policy toolkit. Reuters. April 23, 2024, available at: https://www.reuters.com/world/china/ chinas-central-bank-hints-it-may-add-treasury-bond-trades-policy-toolkit-2024-04-23/

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6. Roskongress. Zamorozka aktivov. Traditsii i novye printsipy raboty Zapada s aktivami tret’ikh stran [Росконгресс. Roscongress. Freeze of Assets. Traditions and New Principles of Western Work with Assets of Third Countries]. Roskongress, 2023, Dekabr’ available at: https://roscongress.org/materials/ zamorozka-aktivov-samoupravstvo-ili-zakonnyy-shag/

Given the recent economic situation in Russia, occurred due to the fall in oil prices and sanctions restrictions it can be concluded that in the foreseeable future, most of Russia’s budget revenues will amount to non-oil revenues. In this connection it is necessary to create conditions for improving competitiveness of the domestic industry and its diversification. This problem cannot be solved without government assistance. The article discusses one of the most important measures of the state support for industrial investment projects implementation — Projects Financing Program (RF Government Resolution of October 11, 2014 № 1044). The article presents detailed specifications, conditions, advantages and disadvantages, as well as results of the Projects Financing Program functioning in 2015. Special attention is paid to describing selection procedures of investment projects and principals with timelines and performance characteristics of each of its stages. Based on the analysis of key aspects of projects selection and funding within the Projects Financing Program a number of recommendations for stakeholders of this process is formulated.

Financial institutions are special casino, privileged bookmakers, because governments give them the guarantees: in case of insolvency, they will be saved.