APPLICATION OF INTERNATIONAL FINANCIAL INSTITUTIONS’ REQUIREMENTS AS AN ELEMENT OF THE FIXED CAPITAL INVESTMENT MANAGEMENT MECHANISM: THE CASE OF TURKMENISTAN
Abstract and keywords
Abstract:
The article examines the application of international financial institutions’ requirements within the fixed capital investment management mechanism. It is substantiated that these requirements influence the selection, preparation, financing, implementation, and monitoring of investment projects and determine the parameters of the potential capital recipient’s management system. Financial and economic, project planning, corporate, information, legal, environmental, social, and monitoring requirements are identified. The institutional compliance of an enterprise with the requirements of international financial institutions is clarified as a manageable characteristic of investment readiness. The role of business and investment planning, financial reporting, auditing, corporate governance, risk management, and control procedures in project preparation is revealed. A multilevel model for applying the requirements of international financial institutions in the economy of Turkmenistan is proposed, combining public regulation, investment support institutions, and changes in enterprise management systems. The scientific novelty of the study lies in identifying the functions of international financial institutions’ requirements within the fixed capital investment management mechanism and substantiating institutional compliance as an object of targeted managerial influence

Keywords:
international financial institutions, fixed capital investment, investment management mechanism, investment readiness, institutional compliance, business planning, financial transparency, corporate governance, small and medium-sized enterprises, Turkmenistan
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