Interaction of banks and local self-government bodies in the solution of socio-economic objectives

The consequences of the global financial crisis are still reflected in the functioning of the banking sector of our country. Today, the market is characterized by an increase in the refinancing rate, a significant increase in foreign currencies against the backdrop of the unstable position of the ruble, as well as low solvency of Russian citizens. The quality and standard of living in these conditions are maintained and are the prerogative of state authorities that need to meet the demands of society, while having clearly limited financial and economic resources. The basic factor of this circumstance is a certain list of political initiatives, which include, first of all, delegation of authority to the places and encouraging the formation of their own investment programs in the regions.