INTERNATIONAL FINANCIAL SUPPORT FOR STRUCTURAL REFORMATION OF THE ECONOMY OF UKRAINE

Keywords: international technical assistance, projects, selection of funds, methodology for evaluating the effectiveness

Abstract

The state of cooperation of Ukraine with international financial organizations in the issues of providing financial and technical assistance for carrying out structural reforms of the national economy is analyzed. The domestic economy has for some time been experiencing a shortage of financial resources necessary not only for investment projects of development, but also for cur- rent state needs. Given the difficulty of mobilizing free cash in the domestic capital market, Ukraine draws resources on foreign markets. The key directions of cooperation with IFIs were investigated and the main problems in the process of implementing joint projects with the financial support of international donors, which have a significant impact on the socio-economic development of the country. Implementation of the main tasks of structural reforming of the national economy in the context of ensuring the strategic development of the state in the conditions of limited financial resources, vulnerability of the national economy to the impact of external and internal challenges lies, in particular, in the area of complex changes regarding cooperation with international financial organizations. The ways of increasing the effectiveness of interaction with the MFIs are proposed, foreseeing, first and foremost, the introduction of medium-term planning and forecasting for attracting funding for investment projects; strengthening control over the use of credit resources; improving the sampling of funds improving the management ef- fectiveness in the process of implementing projects with the financial support of international financial organizations; deepening cooperation in the field of attracting direct and portfolio for- eign investments in high-tech industries of the Ukrainian economy with the approach to world standards of development of innovation infrastructure with the gradual integration of Ukraine into a single European technological space.

Author Biography

Lіdia Londar

Лондар Лідія Панасівна, кандидат економічних наук, доцент ORCID 0000-0002-0873-5664

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Published
2019-10-02
How to Cite
Londar, L. (2019). INTERNATIONAL FINANCIAL SUPPORT FOR STRUCTURAL REFORMATION OF THE ECONOMY OF UKRAINE. Strategic Priorities, 50(2), 79-90. Retrieved from https://niss-priority.com/index.php/journal/article/view/255
Section
Series "ECONOMICS"