UKRAINE’S STRATEGIC GUIDELINES IN FINANCIAL AND CURRENCY COOPERATION WITH INTERNATIONAL FINANCIAL INSTITUTIONS
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 3, Issue 59
Abstract
The article analyzes the main trends of Ukraine's cooperation with international financial institutions at the present stage and summarizes the main points of the financing of investment projects. The main aspects of cooperation between Ukraine and the IMF are studied. The basic operating and strategic areas of cooperation with the European Bank for Reconstruction and Development, European Investment Bank and European Bank for Reconstruction and Development are analyzed. The results of the analysis determined that the European Bank for Reconstruction and Development and European Investment Bank are the most meaningful among existing international financial institutions in financing Ukrainian projects in economy’s modernization. It was documented that credits from international financial institutions causes an increase in country’s external debt. While vast depreciations of national currency prioritizes the problem of complete repayment to international financial institutions and other foreign creditors. The basic problems that prevent Ukraine to be a full participant in the international market were highlighted. These include the problem of a steady solvency decline, balance of payments misbalances, external debt growth, dependence on foreign creditors, banking sector and investment climate worsening, low level of citizens’ purchasing power reducing, high level of inflation. It is necessary to ensure the minimization of currency debt factor for Ukraine in cooperation with IFIs. Ways to expand cooperation with international financial institutions in order to enhance the use of funds and create an attractive investment climate in Ukraine were defined. The most important should refer to development of financial and monetary security system and credit policy enhancement at the international level.
Authors and Affiliations
A. A. Oliinyk
Keywords
Related Articles
- EP ID EP539138
- DOI -
- Views 157
- Downloads 0
DIAGNOSTICS OF HARMONICITY OF PROFESSIONAL MOBILITY OF THE MANAGEMENT TEAM BY THE GOLDEN SECTION METHOD
At present, the professional mobility of the managerial staff of the company is turning into a critical factor in ensuring its livelihoods. Since the changes that accompany the work of the company are complicated, only t...
PROBLEMS AND DІREСTІONS FOR DEVELOPMENT OF ІNSURANСE MІNE ІN UKRAІNE
The artісle deals wіth the сurrent state of the property іnsuranсe market іn Ukraіne, analyzes the problems that arіse durіng іts іmplementatіon. Іdentіfісatіon and groupіng of problems іn the Ukraіnіan іnsuranсe market...
FACTORS OF ENERGY EFFICIENCY OF COAL MINING ENTERPRISES
The coal industry is one of the basic branches of the national economy. Against the backdrop of global trends in increasing the efficiency of the use of natural resources, the growth of competitiveness of domestic coal m...
A STRATEGY TO THE INTERNATIONAL TRADE ESTIMATION WITH THE USE OF CANONICAL CORRELATION ANALYSIS
The canonical correlation analysis of the international trade by means of STATISTICA 10 programs package is conducted in this article. The geographical aspects of the European Union countries (land area and number of inh...
PROBLEMS OF USING MODELS WHICH ARE GENERALIZED BY CES-FUNCTION AT RESEARCH OF PRODUCTION AT THE ENTERPRISE LEVEL
The basic positions of modeling of enterprise growth factors using production functions considered in the article. It is shown that econometric models (linear, Cobb-Douglas, Leont'yev function), which are generalized by...