Issue: № 11, 2024
Doi: https://doi.org/10.37634/efp.2024.11.10
Introduction. Financing from international financial organizations has always been a key element of the Ukrainian economy. In the context of Russia’s full-scale armed aggression against Ukraine, international support has become even more important, becoming critical to the country’s stability and development. Every day Ukraine not only defends itself against the aggressor, but also faces numerous challenges that affect its economic development. The development of enterprises and business is of great importance for the country, as taxes from their activities are the main source of budget revenues, which, in turn, strengthens the state’s defense. The purpose of the paper is to study and analyze the specifics of Ukraine’s financial system during the wartime period, in particular, to track the measures aimed at overcoming the negative consequences of the war to ensure its stable and reliable operation. Results. The main results of the study are: a study of international financial instruments in support of Ukraine's economic integration, identification of the main goals of international financial assistance during the war, analysis of the types of international support, and identification of the largest countries providing military, humanitarian, and financial assistance. The paper provides a comparative analysis of the volume and structure of international assistance, as well as the ratio of the level of assistance to the gross domestic product (GDP) of partner countries that provide financial assistance to Ukraine. The author analyzes the key decisions and tools that helped the Ukrainian financial system withstand the challenges of the war. Among them are active attraction of international financial assistance, as well as effective management of budget expenditures and public debt. These measures became the basis for maintaining economic stability and meeting the country’s needs during the war. Conclusion. The findings emphasize the need to increase state budget financing in an unstable environment. Building an efficient financial system is an important condition for the stable operation of Ukraine’s economy. Such a system must be reliable in order to gain the trust of both citizens and businesses, as this is the key to the country's sustainable economic development.
Keywords : international financing, integration processes, macroeconomic stability, institutional investors
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