Post-war economic recovery: sources of financing, role of international institutions, investment climate

Abstract

The aim of the study is to analyze the main sources of financing for post-war recovery, identify the role of key international donors, and assess the current investment climate in Ukraine. The study aims to formulate a model for financing Ukraine’s post-war economic recovery and create conditions for long-term development. A combination of qualitative and quantitative methods was used in the research, including institutional analysis and the analysis of regulatory documents and programs. Particular attention was paid to a SWOT analysis of the investment climate, and a generalized block-model of financing was developed, identifying priority areas for implementation. Results. The study determined that the architecture of post-war financing in Ukraine has a multi-component structure, including: state budget funds, donor grants, concessional loans from international financial organizations (IFOs), private investments, and public-private partnership mechanisms. The key role of international institutions was highlighted, not only as resource providers but also as entities setting standards for transparency, anti-corruption monitoring, and risk assessment. EU, IMF, and World Bank programs form the foundation of macro-financial stabilization. The most priority areas for recovery were identified as infrastructure, energy, and housing. The results obtained can be used to shape state recovery policy, coordinate donor assistance, develop public-private projects, and ensure effective management of financing flows. The proposed financing model can serve as a basis for building resilience institutions, enhancing trust in the investment environment, and aligning sectoral priorities with the Sustainable Development Goals.