Abstract
The article reveals the issue regarding the implementation of impact-investing in the health care system and its comparison with other traditional investment mechanisms. The relevance of the study is to show the destructive impact of the COVID-19 pandemic on investment processes. According to the WHO and the UN, the global pandemic, unpreparedness of the Ukrainian health care system, and the lack of progress in achieving the Sustainable Development Goal 3 calls into question the conclusions of the Voluntary National Review “Sustainable Development Goals Ukraine 2020”. The investment instruments against COVID-19 in 2020 are conceptualized. The private companies’ assistance in this fight is studied. The study defines that most assistance is charitable rather than investing. Given the systematic and integrated practices of socially responsible business support for the health sector in SER companies’ strategy or the implementation of public-private partnerships in this area, such support could be transformed into mutually beneficial investment projects and after overcoming the pandemic impact. The authors prove that impact-investing is a useful tool for building and restoring the economy through a new socially responsible state investment policy. The current state of public investment project implementation in the health care field is assessed. According to the results, it is necessary to improve transparency, investment monitoring of projects and executive discipline in their implementation. Lack of generally accepted standards of transparency, measurement and impact management, along with an unformed system of benchmarks minimizing reputational risks and reducing transaction costs in the market of impact-investing and responsible investment in general (considering data from surveys of the Global Network on impact-investing) are fundamental limitations which hinder its development, in particular in Ukraine. Recommendations are given to develop the impact-investing in the context of new public investment policy to overcome these limitations, regarding the best practices in promoting the impact-investing policy. Keywords: Impact-investing, Investment Policy, Investors, Sustainable Development Goals, Social Responsibility, State Investment Policy.
Highlights
In modern conditions of a well-developed national economy, one can observe the growing role of investment in various fields of state processes
Recommendations are given to develop the impact-investing in the context of new public investment policy to overcome these limitations, regarding the best practices in promoting the impact-investing policy
There is an impact-investing in terms of a new socially responsible public investment policy
Summary
In modern conditions of a well-developed national economy, one can observe the growing role of investment in various fields of state processes. That is why there is a need to find new methods and mechanisms for attracting foreign capital into the national development system. Among these ways, there is an impact-investing in terms of a new socially responsible public investment policy. There is an impact-investing in terms of a new socially responsible public investment policy This area must be greatly provided by investment, and the global risks of pandemic need to be significantly leveled due to the growing health challenges caused by the COVID-19 pandemic in 2019-2020. In terms of the COVID-19 pandemic and the necessity to modernize the health care infrastructure, especially in developing countries, the amount of investment gap is increasing. In Ukraine, the risks of a pandemic are multiplied within the framework of chronic underfunding of this sector and incomplete medical reform
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
