FINANCIAL INSTRUMENTS AS A WAY OF PROMOTING THE DEVELOPMENT OF TRANSPORT INFRASTRUCTURE
This article is about financing the transport infrastructure using the world’s newest financial tools to support sustainable development. Due to limited budgetary resources and hence the need to raise funds on the financial markets, a new financial tool was launched in 2007 - green bonds. They are a relatively new financial instrument worldwide. The size of this market segment is growing rapidly. Funds raised with this tool are channelled into making transport infrastructure more ecological, supporting sustainable urban development, conserving flora and fauna. It is important that these bonds are subject to reporting on target use of funds directed to green projects, so the possibility of misuse is minimized. Also, funds raised this way help create jobs and contribute to solving social issues in the cities.
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Keywords: transport infrastructure, financial markets, financing, transport, sustainable development, green bonds, municipal finance |
FINANCIAL INSTRUMENTS
Konashchuk Nadiya
postgraduate Department of Finance SHEI «Kyiv National Economic University named after Vadym Hetman»
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