Enhanced cooperation with international financial institutions as a means of ukraine's economic advancement (based on National Bank of Ukraine materials)

Abstract

Modern globalization promotes the openness of national economies, intensifies their foreign economic relations. Ukraine is implementing its strategy of integration into the world economic space. One of the important measures taken in this direction is the formation of cooperation with various international organizations, including financial. The role of international financial institutions in the current rapid development of the world economy is difficult to overestimate, as modern conditions require close cooperation between economies, and therefore there is a need for regulation, coordination of economic and financial policies. Ukraine's cooperation with international financial institutions is extremely important today, as our country faces the key problem of finding sufficient financial resources to implement systemic and structural reforms. No less important today is the design of Ukraine's new foreign and domestic policy, and therefore the need to improve the state strategy for the development of relations with international financial institutions is of particular importance. Therefore, the issue of Ukraine's relations with international financial institutions is relevant, and this study is of considerable scientific and practical interest. The presented work deeply examines the activities of international financial institutions, Ukraine's cooperation with the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development, analyzes prospects for Ukraine's cooperation with international financial institutions and suggests ways to improve cooperation with international financial institutions.