European Cooperation (Jun 2016)

INTERNATIONAL FINANCIAL ORGANIZATIONS AS A SOURCE OF FINANCIAL DEVELOPMENT SECURING OF REAL ECONOMY SECTOR OF UKRAINE

  • Nadiya Yurkiv,
  • Oleksandr Dybrovin

Journal volume & issue
Vol. 6, no. 13
pp. 27 – 35

Abstract

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The article considers the problem of analysis modern trends and the development of ways of deepening cooperation of Ukraine with international financial organizations for providing of stability of national economy to the adverse impact of a wide range of threats in the context of ensuring economic security of the state. The proposed activities on the updating of the current state of the normative legal regulation of cooperation of Ukraine from IMF, EU, EBRD and the like in accordance with the main directions of interaction. The relevance of the article due to the current problems of the development of the real sector of Ukraine's economy, the need of expanding its export potential, the implementation of preferential lending, intensify government programs to support strategically important sectors of the economy that are most important for providing stability of the national economy to the adverse impact of a wide range of threats in the context of ensuring economic security of the state. the aim of the article is the analysis of current trends and to develop ways of deepening cooperation of Ukraine with international financial organizations. Definitely, the key directions of deepening of relations of Ukraine with MFIs today are: the rationale for the use of Ukraine's resource potential cooperation of MFIs as a source of financial support to the real sector of economy of Ukraine; determination of the volume of loans, and finding ways to optimize international financial cooperation. On the basis of the forecast figures for 2016 (the state budget deficit 3.7% of GDP, the trade deficit of 2.5 billion dollars. United States, average annual exchange rate of 24,1 USD./$) in the absence of the necessary internal resources to balancing оf public finances (cover the budget and trade deficits)), predictable supply of external financing is around 5.8 billion dollars. USA. At the same time, given the consensus forecast of the Ministry of economic development and trade in April 2016, the volume of external borrowings can be adjusted downward; the orientation of Ukraine's cooperation with IFIs to use their influence on the development of the real sector of the economy and ensuring economic and political sovereignty of Ukraine.

Keywords