Financial Dependence of Ukraine on Loans from International Organizations
Journal Title: Бізнес Інформ - Year 2014, Vol 6, Issue 0
Abstract
World financial crisis that began in 2008 has had impact on Ukraine as well. Today, due to political and economic instability, Ukraine needs funding from foreign financial organizations. Therefore it is necessary to consider the question of the functions of international financial and credit institutions to provide loans to countries that need help. The article deals with the nature and role of the IMF, IBRD and EBRD under the modern conditions of international integration. Each credit institution has its own credit terms; this article provides the conditions for granting loans from the IMF. The essence of anti-crisis draft of Law of Ukraine \"On Prevention of financial catastrophe and creating prerequisites for economic growth in Ukraine \" is also considered. The conditions for Ukraine to obtain loans from international financial organizations were analyzed and the recommendations to improve the financial situation in Ukraine were provided.
Authors and Affiliations
Larisa Kondusova, Maryna Kipa
Keywords
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