DEVELOPMENT OF PROJECT FINANCING UNDER THE CONDITIONS OF THE FOURTH INDUSTRIAL REVOLUTION

The paper considers the current situation of using project finance in the Russian Federation. At present, the issues of modernizing the economy and active integration into the world financial system are quite topical. Solving these problems requires significant investments in the real sector of the economy. In the long term, project finance is one of the most effective methods of financing large-scale investment projects. Since there is still no consensus in the scientific literature on the interpretation of the term "project finance", an overview of various points of view is made and its main characteristics are outlined. Further, on the basis of statistical data, the main trends in the development of the project finance market in Russia are revealed. A review of the Russian experience of project finance has made it possible to determine the level of prevalence and effectiveness of using this method of financing, as well as to highlight the role of the state in stimulating project financing in large-scale investment projects.