FINANCIAL MECHANISMS OF DEVELOPMENT IN THE SYSTEM OF POST-WAR RECONSTRUCTION OF UKRAINE
Abstract
The article is devoted to the study of financial mechanisms of development in the system of post-war reconstruction of Ukraine in conditions of deep structural, institutional and infrastructural transformations. The role of development as one of the key drivers of economic revival, capable of providing a multiplier effect for related industries, stimulating investment activity and promoting modernization of territories, is substantiated. Financial instruments for the reconstruction of housing and critical infrastructure are considered, in particular budget financing, international donor assistance, loans from international financial organizations and mechanisms of public-private partnership. Particular attention is paid to attracting foreign investment as a source of long-term capital, as well as the role of war risk insurance and grant programs in reducing investment uncertainty. The article analyzes the concept of development of modern cities in the «smart rebuilding» format, which involves the introduction of energy-efficient technologies, digital solutions, sustainable transport systems and mixed functional building formats. The financial aspects of the restoration of industry and logistics through the creation of industrial parks, logistics hubs and facilities for business relocation, taking into account the military-risk environment, are studied. The socially important functions of development are separately revealed, in particular, the reconstruction of social infrastructure facilities, the provision of housing for internally displaced persons and the formation of adaptive spaces for the rehabilitation of military personnel. It is concluded that the integration of financial mechanisms for development into the strategy of post-war reconstruction can ensure sustainable economic growth, improve the quality of life of the population and strengthen the financial capacity of the state.
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