«GREENING» OF THE WORLD FINANCIAL SYSTEM: NEW TENDENCIES IN THE WORLD BANK’S ACTIVITY
(32-35)

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Kabir Lyudmila S. Doctor of Economics, Professor, Chief Researcher of the International Finance Center Yakovlev Igor' A. PhD (Economics), First Deputy Director, Head of the International Finance Center
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Annotation:
Goal. International institutes are known to carry out the coordinating role as well as to have a direct impact on the created tendencies of world development. In the era of globalization we witness the increase in the international institutes’ role. Broad informing of the business community on the existing and created tendencies of the world development will allow them to adapt more effectively to the future changes in the sphere of investment activities regulation and attracting foreign markets’ investments. Therefore, the competitiveness of national economy will increase. Area of research. The article specifies the World Bank’s role in the process of coordinating the efforts of the countries across the world on achieving sustainable development. Special attention is paid to the World Bank which carries out a key role in financing the world economy transition to new model of «green» sustained economic growth. Conclusion. Researching the World Bank’s experience in financing the «green» economic growth allows understanding the idea of the economic justification, financing model as well as evaluating the amount of money invested in «green» growth. Value. Analysis results can be used for developing and implementing the investment activities adjustment policy both at the level of the country in general, and at the level of its separate territorial structural unit (region). This research will also be useful for creating the strategic plans of development by means of business structures.
How to Cite:
Kabir L.S., Yakovlev I.A., (2016), «GREENING» OF THE WORLD FINANCIAL SYSTEM: NEW TENDENCIES IN THE WORLD BANK’S ACTIVITY. Business in Law, 5: 32-35.
Reference list:
About World Bank Green Bonds / The World Bank Elektronnyy resurs URL: http://treasury.worldbank.org/cmd/htm/World BankGreenBonds.html
International Bank for Reconstruction and Development / The World Bank Elektronnyy resurs URL: http://www.worldbank.org/en/about/ what-we-do/brief/ibrd
Bogachyeva O.V., Smorodinov O.V. Zelyenye obligatsii kak vazhneyshiy instrument finansirovaniya zelyenykh proektov // Finansovyy zhurnal. 2016. №2. S.70-81
Godovoy otchet - 2014 / Vsemirnyy Bank. Elektronnyy resurs URL: https://issuu.com/world.bank.europe.central.asia/docs/wb annual report 2014 ru.pdf
Godovoy otchet Vsemirnogo banka - 2015. Elektronnyy resurs URL:https://openknowledge.worldbank.org/bitstream/handle/10986/22550/WBAnnualReport2015RU.pdf
Keywords:
sustainable development, "green" economy, "green" economic growth, "green" bonds, efficiency, model development, The World Bank, investment.