International Communications in the Implementation of Monetary, Investment and Fiscal Policy: Civil Law, Regulatory and Controlling Approaches
摘要
The development of a comprehensive strategy for Ukraine’s economic recovery and integration into the EU economy requires international communication and dialogue in the implementation of monetary, investment, and fiscal policies to ensure economic-defense and debt sustainability. Under security challenges, the financial sector demonstrates resilience but requires enhanced monitoring due to increased risks. The National Bank of Ukraine should improve the deposit insurance system, strengthen monitoring of financial restrictions to reduce credit risks, and optimize the separation of investment and credit activities in the capital market. Scaling financial market infrastructure will encourage private capital investment in national economic reconstruction. To support recovery projects, it is advisable to expand the investment mandates of mutual investment funds for the development of the defense industry and export-oriented companies, which will generate a multiplier effect on investment attraction. Insurance of military risks and new modular investor protection instruments will help reduce investment barriers. It is argued that the activation of industrial parks and preferential lending align with the post-conflict industrialization strategy. Fiscal policy based on optimal taxation principles will ensure revenue mobilization and efficient tax burden distribution. To cover the budget deficit intensified by high-tech warfare, strategies for systematic external financing and improved regulatory frameworks of institutional capacity for effective use of donor financial resources must be developed. The gross domestic product and capital investments forecast give a rising trend which indicates good perspective of the economic development.