scholarly journals Strategic aspects of Ukraine’s cooperation with IFIs in the energy sector

2021 ◽  
Vol 2021 (1) ◽  
pp. 83-100
Author(s):  
Kateryna KLYMENKO ◽  
◽  
Maksym SAVOSTIANENKO ◽  
Keyword(s):  
Financial Institutions ◽  
External Debt ◽  
Energy Sector ◽  
Financial Resources ◽  
International Financial Institutions ◽  
Medium Term ◽  
Priority Areas ◽  
National Norms ◽  
State And Local

The article analyzes the cooperation strategies of international financial organizations with Ukraine in terms of priority areas of cooperation in the medium term in the energy sector. The key positions on the directions of reforming the energy sector of Ukraine in line with the requirements of the IMF are studied. The authors study the state of attracting IFIs financial resources in the energy sector of Ukraine. The key areas, tasks, results of attracting financial resources of international financial institutions in the energy sector are identified. Measures are proposed to improve the legislative and regulatory framework in order to increase the effectiveness of further cooperation in the medium term. The conceptual bases of development of the new long-term Strategy of cooperation with IFIs till 2030 are stated. Adoption of the Strategy of Cooperation of Ukraine with International Financial Institutions will coordinate the priority areas of partnership in the medium term and promote the accumulation of resources of international partners, state and local budgets, other sources for development projects in key areas while maintaining acceptable external debt and achieving positive changes in the energy sector. The authors argue that in the current conditions it is advisable to intensify efforts to increase the effectiveness of joint programs in the energy sector. First of all, it is about developing national norms and rules and their harmonization with European ones (taking into account the chosen vector of development) in order to more effectively avoid and manage risks, monitor the processes of preparation, implementation and evaluation of such programs.

scholarly journals PROBLEMS OF UKRAINE’S COOPERATION WITH INTERNATIONAL FINANCIAL ORGANIZATIONS

2019 ◽  
Vol 2019 (5) ◽  
pp. 41-47 ◽  
Author(s):  
Oleksiy PLOTNIKOV ◽  
Keyword(s):  
National Security ◽  
Financial Institutions ◽  
External Debt ◽  
Financial Resources ◽  
Modern World ◽  
International Financial Institutions ◽  
National Interests ◽  
Political Factors ◽  
Current State ◽  
Socio Economic Development

The contemporary aspects of Ukraine’s cooperation with international financial organizations are considered. The modern world is characterized by widespread use of external debt borrowing along with domestic sources of financing. The problems on the way of optimization of relations between Ukraine and international financial organizations are identified. In particular, these problems include: solvency of Ukraine and the growth of external debt; inadequacy of requirements of the international financial organizations to the realities of Ukraine’s economy; permanent influence of the international financial organizations on the activity of the current government of the state; requirements from the international financial institutions that are on the verge of national security of Ukraine, and in some cases cross this limit; the use of political factors to directly support the holding of various kinds of “reformers”; optimization of relations between Ukraine and the international financial organizations. The actual directions of optimization of Ukraine’s cooperation with international financial organizations are outlined. The author shows the necessity to build strategies of relations of Ukraine with international financial organizations to be based on the current state of the national economy. The transition from direct receipt of financial resources to advisory and other support from these institutions is deemed as the possible direction of further relations of Ukraine with international financial organizations. In modern conditions it is necessary to reorient the cooperation with international financial organizations to achieve the national interests of Ukraine in the country and abroad. Ukraine’s relations with the international financial institutions should be built in the context of optimizing the model of socio-economic development and changing relevant accents.

The Impact of Debt on Economic Development of the Western Balkan Countries

2020 ◽  
Vol 58 (3) ◽  
pp. 363-379
Author(s):  
Mehdija Ćosović
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Current Account Deficit ◽  
External Debt ◽  
International Financial Institutions ◽  
The Balkans ◽  
The Past ◽  
Balkan Countries ◽  
The Impact ◽  
Selection Of

Abstract The degree of increased indebtedness in the Western Balkan countries is generated by increasing consumption in terms of increased economic growth and structural reforms. Although these countries have shown an increase in exports and foreign direct investment over the past few years, the current account deficit remains high, especially in the ratio between external debt and GDP, which is not only high but at the stage of growth. Also, as domestic financial markets are underdeveloped, these countries are to a large extent exposed to an increase in the price of foreign borrowing. The current borrowing policy continues with increasing investment in non-productive consumption, which requires renewed borrowing. The presentation of debt trends, analysis and comparison of external debt of these countries show relevant guidelines in the selection of an adequate economic policy that would enhance the competitiveness of this part of the Balkans. Also, a comparative analysis of the indebtedness ratio will especially assess the state of indebtedness in Serbia, the structure and the movement of external debt towards international financial institutions. The comparison in this paper is made using standard indices of indebtedness based on the data obtained from the national statistical institutes and international financial institutions.

Liberia's next president faces mounting expectations

2017 ◽  
Keyword(s):  
Financial Institutions ◽  
Foreign Investment ◽  
Government Expenditure ◽  
Public Spending ◽  
International Financial Institutions ◽  
Content Type ◽  
Capital Spending ◽  
Election Violence ◽  
Poor Infrastructure

Significance Whoever succeeds outgoing President Ellen Johnson Sirleaf will have to tackle widespread state corruption, cut recurrent government expenditure and boost infrastructure spending to spur economic growth. Impacts Post-election violence could spike if the opposition loses and accuses a partial electoral commission of manipulation. Low capital spending and poor infrastructure will remain a persistent deterrence to long-term private and foreign investment. International financial institutions will pressure the new government to cut public spending. Further delays to a proposed constitutional referendum are likely.

scholarly journals Financial Inclusion of the Region: Analysis of the State and Ways of Ensuring

2019 ◽  
pp. 61-74
Author(s):  
Andrii Matkovskyi ◽  
Vitaliia Skryl ◽  
Ruslana Shtanko
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Rural Population ◽  
The State ◽  
Current Level ◽  
Financial Inclusion ◽  
The Media ◽  
State And Local ◽  
Urgent Action

Financial inclusion of the region is a means of making full use of the financial services industry's tools, which ultimately contributes to the long-term economic growth of the region, as it stimulates innovation, mobilizes savings and supports investment. The paper analyzes the current level of financial inclusion of the Poltava region. The study showed that the current level of financial inclusion of the Poltava region is low. Surveys of the respondents showed that there is a large disproportionate level of financial inclusion among urban and rural population. The rural population is limited in financial services. There is still a significant lack of confidence in financial institutions. All this slows down the processes of full involvement of the population in financial inclusion and creates a shadow sector. However, remediation is observed in urgent action by both the state and local authorities and financial institutions. Continuous information in the media and social networks in the future will be able to restore confidence in financial institutions and thus increase not only the level of financial inclusion, but also every inhabitant of the Poltava region.

Structural Modernization of Russian Financial System

2010 ◽  
pp. 26-42
Author(s):  
A. Vedev ◽  
Yu. Danilov ◽  
N. Maslennikov ◽  
S. Moiseev
Keyword(s):  
Russian Federation ◽  
Financial System ◽  
Financial Resources ◽  
Financial Policy ◽  
Medium Term ◽  
Foreign Investments ◽  
Financial Centre ◽  
The Russian Federation ◽  
Stable Development

The article is based on the report prepared for the president of the Russian Federation. The authors assess the conditions and consequences of different scenarios of financial policy in the medium-term perspective and outline the targeted criteria for development of national financial system. Among the main findings is the thesis that expeditious development of the economy in 2006-2008 is not efficient and in the medium-term the stable development with the balanced economy and financial system would be optimal. To overcome the financial resources deficiency in Russia it is essential to attract long-term foreign investments, primarily direct ones. The article contains the proposals aimed at the increase of financial sectors efficiency in order to transform it into the international financial centre.

The Global Energy Sector at the Crossroads: Which Way Should Russia Choose?

2009 ◽  
pp. 22-37 ◽  
Author(s):  
L. Grigoriev ◽  
V. Kryukov
Keyword(s):  
Energy Savings ◽  
Oil And Gas ◽  
Energy Sector ◽  
Manufacturing Companies ◽  
Medium Term ◽  
Global Energy ◽  
Project Approach ◽  
Innovation Impact ◽  
Economic And Financial Crisis

The article studies the main problems of Russian oil and gas complex. The authors argue that global economic and financial crisis has already led not only to certain reduction in energy consumption, but to serious changes in the global energy sector. In the medium term we may expect globally more efforts in energy savings, climate change prevention, and deeper innovation impact. It may require a serious adaptation of Russian energy sector to new tendencies: some reconfiguration of demand for our export, certain limitation on financial resources and reconsidering its future role in the global balance. Long-term project approach should be applied to help Russian energy and manufacturing companies adjust to new economic environment. Institutional background in Russian energy sector should be adequate to address domestic problems and global competition.

Making the World a Better and Safer Place: The Time for Action is Now

Politics ◽  
2002 ◽  
Vol 22 (2) ◽  
pp. 118-123 ◽  
Author(s):  
James D. Wolfensohn
Keyword(s):  
World Bank ◽  
Financial Institutions ◽  
Global Governance ◽  
International Financial Institutions ◽  
Global Security ◽  
Priority Areas ◽  
International Action ◽  
The World Bank ◽  
The World ◽  
Economic Exclusion

This article argues that the events of 11 September 2001, and their aftermath, have heightened the need both to confront terrorism directly, increase global security and enhance the structures of global governance. The article concentrates on measures to enhance global security and governance. In particular, measures must be taken to address some of the root causes of terrorism: those of economic exclusion, poverty and under-development. The article argues that the World Bank, along with other international financial institutions and the UN system, have a central role to play. The article concludes by identifying four priority areas for international action.

scholarly journals IFIs undertake financing when their environmental and social quality criteria are met

2021 ◽  
Vol 25 (6) ◽  
pp. 85-111
Author(s):  
G. Ahamer
Keyword(s):  
Financial Institutions ◽  
Selection Process ◽  
Quality Criteria ◽  
International Financial Institutions ◽  
Global Finance ◽  
Project Quality ◽  
Green Finance ◽  
Societal Learning ◽  
Social Project

The main content of this article is to describe “climate finance” and “green finance” in detail, as implemented by International Financial Institutions (IFIs) and their pertinent environmental and social project quality criteria. The approach of this article is to perceive and understand environment-related activities of international financial institutions (IFIs) as part of a societal learning process, and consequently to describe their “environmental and social project quality criteria” as an expression of such ongoing societal learning processes. What can our readership, related to global finance, profit from such a comparison? Against the expectation of many, IFIs already implemented efficient rules for redirecting global funds to climate and environmental projects — and have thus performed a successful “act of societal learning”. The “environmental and social project quality criteria” have played a crucial role in convincing economic and administrative actors (i. e., learners in our context) to behave in a climatecompatible manner. Thus, the lesson can be drawn from the domain of “societal learning” to the domain of “individual learning” that clear and transparent criteria sets are decisive for a rule-based societal transformation. This article shows that a criteriabased selection process provides the best results for long-term societal interest; in this case climate protection.

scholarly journals Justification of criticism of the international financial institutions

2010 ◽  
Vol 55 (186) ◽  
pp. 115-132 ◽  
Author(s):  
Dzenan Djonlagic ◽  
Amra Kozaric
Keyword(s):  
World Bank ◽  
Financial Institutions ◽  
Global Financial Crisis ◽  
International Financial Institutions ◽  
Economic Growth And Development ◽  
The Public ◽  
Strategic Effect ◽  
The Global Financial Crisis ◽  
Global Financial System

As more than half a century has passed since the establishment of the international financial institutions (IMF, World Bank), this paper analyzes the opinion that these institutions have not accomplished their mission. They generally admit that they have not succeeded in the activities that they set out to accomplish, a propos of gathering funds for countries faced with economic gaps and helping them to maintain long term economic growth and development. We show that these financial institutions have done nothing to reduce poverty and financial disparities, to increase their own transparency, responsibility and management, especially with the public participation of developing countries, or to create a more effective loans system. In this paper the main goal of research is to explore the arguments pro and contra the strategic effect, policy, and working methodology of the international financial institutions in view of finding a solution to the global financial crisis and global prevalent financial problems, and also to consider the reasons for the justification or otherwise of their being part of the global financial system.

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