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The Actors and the Financial Affairs of the Northern Dimension

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Author Info
Riikka Ruotoistenmäki
Evgenia Babykina
Abstract

This research describes the role of International Financial Institutions and the Financial Framework of the European Union in development of the Northern Dimension countries. It also describes the region as an operational environment. We have compared the loans disbursed to the region in 1990-1996 and 1997-2000, and their proportion of all loans has increased. Furthermore, co-operation in environmental projects has been taken forward in the form of Northern Dimension Environmental Partnership. Financing of projects in Northwest Russia present the greatest problem, as it is still rather insignificant and directed mostly to the most developed and richest regions. Due to these problems concerning the Northwest Russia, we have described more specifically the operational environment of this region.

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Paper provided by Government Institute for Economic Research (VATT) in its series VATT Research Reports with number 86.

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Date of creation: 14 May 2002
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Handle: RePEc:fer:resrep:86

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Related research
Keywords: Northern Dimension International Financial Institutions regional development Eastern Enlargement

Find related papers by JEL classification:
R50 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - General
F30 - International Economics - - International Finance - - - General
G20 - Financial Economics - - Financial Institutions and Services - - - General

References listed on IDEAS
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  1. Takis Venetoklis, 2001. "Business Subsidies and Bureaucratic Behaviour," VATT Research Reports 79, Government Institute for Economic Research (VATT). [Downloadable!]
  2. Risto Vaittinen, 2000. "Eastern Enlargement of the European Union - Transition in applicant countries and evaluation of the economic prospects with a dynamic CGE-model," VATT Research Reports 64, Government Institute for Economic Research (VATT). [Downloadable!]
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