№ 5/2022

Fìnansi Ukr. 2022 (5): 43–60https://doi.org/10.33763/finukr2022.05.043

INTERNATIONAL FINANCES

KLYMENKO Kateryna ¹, SAVOSTIANENKO Maksym ²

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0001-8295-1333
²SESE “The Academy of Financial Management”, Kyiv
OrcID ID : https://orcid.org/0000-0002-6712-5831

Cooperation of Ukraine with international financial partners in martial law

Introduction. Strategic directions of Ukraine’s development require improvement of the process of formation and implementation of the state’s foreign policy, the delineation of priority vectors of cooperation with international ?nancial partners, including IFIs.
Problem Statement. The need to take into account the challenges and threats that arise in the current realities of the application of programs to support the formation and development of a platform for cooperation with international ?nancial institutions (IFIs) / partners in the martial law in Ukraine.
Purpose. To study the state of attraction and use of loans (credits) of IFIs and international partners during the martial law in Ukraine, in particular to identify key areas, objectives, expected results of attracting international ?nancial assistance and prospects for further cooperation in accordance with state policy documents.
Methods. General and special methods are used: analysis, synthesis, grouping, description, comparison, theoretical generalization and abstract-logical.
Results. The programs of emergency ?nancial support of Ukraine by international ?nancial institutions and other partners in the conditions of martial law are analyzed. Preliminary estimates of the economic losses that Ukraine has already su?ered as a result of the Russian military invasion are analyzed. An analysis of projects and promising areas of development and implementation of postwar reconstruction programs in the framework of international ?nancial cooperation.
Conclusions. The need for appropriate legislative regulation to ensure effective, targeted and controlled use of emergency financial resources of international partners involved under new and improved mechanisms is substantiated. It is extremely important to improve or develop regulations in the ?eld of ensuring e?ective international ?nancial cooperation of Ukraine: adoption of a new medium-term Strategy of cooperation with IFIs; formation of scienti?c and methodological approach to assessing ?nancial security of Ukraine in the context of attracting credit and ?nancial resources of IFIs; adoption of a new Partnership Strategy of Ukraine and the World Bank for 2022-2026.

Keywords:martial law, critical infrastructure, international financial institutions , international financial partners, EBRD, World Bank, IMF

JEL: F52, H54, H56

Klymenko K. . Cooperation of Ukraine with international financial partners in martial law / K. Klymenko, M. Savostianenko // Фінанси України. - 2022. - № 5. - C. 43-60.

Article original in Ukrainian (pp. 43 - 60)

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