MODELING OF THE PROJECTS INVESTMENT ATTRACTIVENESS IMPLEMENTED UNDER CONDITIONS OF PROJECT FINANCING

In this paper, an assessment was made of the dependence of the volume of project financing attracted by projects in the world from two factors characterizing the economic sustainability and investment climate of these countries - the volume of gold reserves and the net inflow of foreign direct investment. The analysis was based on data from Thomson Reuters and the World Bank for the period 2007-2017. Differences in the amount of funding received by neighboring countries, countries with different international weight in political and economic terms, generally indicate the uneven distribution of resources of project finance funds. In our opinion, the investment attractiveness of projects implemented on the terms of project financing depends largely on the country in which the relevant projects are being implemented. The presence of significant foreign exchange reserves will indicate the sustainability of the economic and socio-political system of the state, which in practice should lead to simplification of the project management system, implemented on the terms of project financing, as well as reducing the complexity of the system for allocating project risks. The constructed regression model of dependence of the volume of project financing on the volume of the country's gold and foreign exchange reserves and on the net inflow of foreign direct investment is significant at a high level. According to the results of the analysis, it was concluded that in modern conditions project financing is more often carried out in regions that are prosperous from an economic point of view. (C) 2019 Published by Future Academy www.FutureAcademy.org.UK