INTERNATIONAL ASSISTANCE TO UKRAINE AND ITS IMPACT ON ECONOMIC DEVELOPMENT
Authors:   Shupyk National Healthcare University of Ukraine, Ukraine, Hbur Zoriana 
Published: May 2023

The article defines the essence of the concept of "international aid" and its main components. A brief description of the types of international aid is given. The issue of the influence of international financial institutions on the economic development of the country is considered in the works of domestic and foreign scientists. However, there are still many unresolved questions regarding the impact of international aid on the country's economic development, in particular, there is no clear analysis of the impact of financial resources for countries that receive aid, as well as the advantages and disadvantages of this aid. Therefore, the topic of the influence of international aid on the economic development of the country is extremely relevant. The purpose of the article is to characterize the main types of international aid, the state of the country's economy, and assess the impact of international aid on economic development. Methodology. The study is based on the analysis of regulatory documents and statistical data related to international aid to Ukraine. Systematic and comparative analysis was used to identify the impact of international aid on economic development. Research results.The article analyzes the current state of the Ukrainian economy in the conditions of a full-scale Russian invasion. The role and significance of international aid as a powerful tool of external financial resources for economic development in the conditions of war are considered. Scientific approaches to the use of international financial aid for the economic development of the country are summarized. The need for a balanced approach to the evaluation of cooperation with international financial organizations was determined, as well as the need to clarify the advantages and disadvantages of attracting funds from these institutions to national economies. Practical implications. Understanding the impact of international aid on the economic development of the country, which is significant, plays a decisive role in the implementation of economic reforms in the state, making it possible to attract preferential financial resources and direct investments in the economy. Cooperation with international financial institutions will be more effective when domestic and foreign policies are aimed at achieving the goals of improving people's well-being, primarily the economic development of the country as a whole. Value/originality. However, it is worth taking into account a number of factors that we have highlighted, which limit the possibilities of effective use of aid, but they should not be considered as an irresistible force for economic development. Today, international aid helps to support the real sector of the economy and ensure all functional capabilities of the state. In the face of a full-scale invasion, Ukraine received international support, including financial support, from a number of financial institutions. Various types of international aid are aimed both at supporting the economy, population and infrastructure, and at ensuring the combat capability of the Armed Forces. Each type of aid currently has only a positive effect, but in the long term it is associated with a number of risks.The following anti-crisis measures are recommended to maintain the state's economy and ensure its security: the creation of a national structural fund for the reconstruction of the country, the fight against corruption, the modernization of infrastructure, the preservation of human capital and the solution of logistics problems.