IMPROVEMENT OF METHODS AND TOOLS FOR MANAGING INVESTMENT ACTIVITIES AT THE REGIONAL LEVEL IN THE REPUBLIC OF BELARUS

Abstract

The need to increase investment activity in the regions, which is a factor in their socio-economic development, is one of the strategic guidelines for medium-term planning of the regions of the Republic of Belarus and requires a revision of approaches to its management at the regional level from the perspective of the dynamics of modern economic conditions. The deficit in investments increases the relevance of revising the methods of investment activity management and finding tools for stimulating investment processes adapted to modern economic conditions, contributing to the accumulation of investment resources in the region. The purpose of the research article is to formulate practical recommendations for refining the management methods of investment activity at the regional level in the Republic of Belarus by advancing their regulatory and stimulating tools. The theoretical basis for the research is the works of domestic and foreign authors, the legislative framework, as well as scientific and practical literature devoted to the issues of investment activity management, methods and tools for its regulation, stimulation of investment processes and investment activities at the regional level. The study applied a systems approach, general logical (analysis, synthesis, comparison, generalization, analogy), and special (monographic) methods of cognition. The article examines the specifics of regional management practices in the Republic of Belarus and makes proposals for improving the tools for managing regional investment activity across four groups of methods: administrative (methodological apparatus for forming a list of priority activities (economic sectors) for implementing investments at the regional level), economic (measures stimulating the practical implementation of the public-private partnership mechanism, with the formalization of the organizational and economic mechanism for influencing public-private partnership on the investment activity of the region), institutional (creation of a specialized organization at the regional level to work with investors in the "single-window" mode), and organizational and managerial (creation of a regional web platform for working with investors). The article reveals the content and practical aspects of implementing the tools. The results obtained can be used by meso-level government bodies in developing and implementing regional investment policy.