PRIORITY AREAS FOR EFFICIENCY OF COOPERATION BETWEEN UKRAINE AND INTERNATIONAL CREDIT INSTITUTIONS

Abstract

The main priority areas for expanding Ukraine's cooperation with international credit institutions have been identified, and the need to study this issue has been proved. Based on the relevance of the proposed topic, the article is devoted to justifying the priority areas of expansion and effective cooperation of Ukraine with international credit institutions.

The expediency of attracting credit resources for Ukraine is substantiated. The country received the greatest results from the first loans received from the IMF and the International Development and Reform Bank. These credit resources are intended for the formation of gold and foreign exchange reserves and the financial and credit system of the country.

The article examines the lending activities of leading international credit institutions, outlines the key programs and strategic areas of partnership of international credit organizations with Ukraine. Priority areas for promoting cooperation have been identified, which would increase the efficiency of borrowed funds and create a favorable investment climate in the country. The most problematic moments of Ukraine's cooperation with world credit institutions are outlined.

The necessity of building a management mechanism to increase the effectiveness of Ukraine's cooperation with international credit institutions as an important tool of state policy to implement economic reforms, and as a consequence the ability to adapt to modern changes in the international economy.

It is determined that the improvement of Ukraine's cooperation with international credit organizations will provide our country with positive results during the implementation of economic reforms, strengthen Ukraine's role in the formation of international monetary and financial relations; the growth of confidence and interest of foreign investors in the domestic economy, and as a consequence, the growth of foreign investment; the possibility of using the services of international organizations, which will ensure the solution of urgent problems of public policy in Ukraine.