THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTIONS IN STABILISING THE NATIONAL ECONOMY
Abstract
This article examines the role of international financial institutions (IFIs) in stabilizing Ukraine's economy. Against the backdrop of economic instability and the challenges faced by Ukraine, this study delves into the multifaceted contribution of international financial institutions. Through a comprehensive analysis of the role of institutions such as the International Monetary Fund (IMF), the World Bank and the European Bank for Reconstruction and Development (EBRD), the paper examines how their financial assistance, policy advice and capacity building initiatives have contributed to Ukraine's economic stability. This study aims to analyze the importance and effectiveness of international financial institutions in stabilizing the national economy of Ukraine.The aim of the article is to examine the role and functions of well-known international financial institutions, such as the International Monetary Fund (IMF), the World Bank and the European Bank for Reconstruction and Development (EBRD), in supporting economic stabilization efforts. Objectives of the study were to assess the current economic situation in Ukraine and identify key challenges to stability; assessing the effectiveness of Ukraine's cooperation with international financial institutions to overcome macroeconomic imbalances and promote sustainable economic growth; identification of potential areas for improving Ukraine's cooperation with international financial institutions to enhance the country's economic sustainability and long-term development prospects. Drawing on empirical evidence and case studies, the paper provides insights into the dynamics of the relationship between Ukraine and international financial institutions, highlighting both challenges and opportunities for enhancing economic stability and resilience in the region. Understanding the role of IFIs in stabilizing national economies requires addressing a number of academic and practical challenges, including policy analysis, risk management, sustainable development, governance reform and global cooperation.
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