Crisis phenomena in Ukraine have led to the reduction in volumes of state financial and credit and investment support for the development of subjects of small and medium-sized business (SMB) and, as a consequence, the reduction of their export potential. Ukrainian SMB receives considerable advisory and technical assistance due to the implementation of projects and programs in the area of the EU and European financial institutions. Despite economic expediency of development of financial cooperation with European structures, a situation appears in Ukraine that SMB entities have no sufficient information about the possibility to participate in European projects and programs or the realization of the latter in full volume is impossible over bureaucratic hurdles. The purpose of the article is to study volumes and directions of SMB financing in Ukraine at the expense of EU programs, identify problems occurring in the process of obtaining external financial sources, and to develop directions of their solution. In order to achieve the set purpose, the paper solves the following tasks: to study conditions of providing financial and credit assistance to Ukrainian SMB from the EU and European financial institutions; reveal problems appearing on the way of development of financial cooperation of the SMB with the abovementioned institutions; develop recommendations in relation to the improvement of financial support tools of the SMB. Methods. In the process of the study, general scientific methods are used, namely, economic and statistical, analytical – to analyse the current state of financing of the SMB development in terms of EU projects and programs; analysis, synthesis, logical generalization – to reveal problems in the SMB external financing and areas for their elimination. Results. On the basis of conducted analysis of financial and credit assistance to Ukrainian SMB provided within the programs and projects of the EU and European financial institutions, their positive influence on the results of enterprise activities was revealed and the main problems of the development of further financial cooperation were identified. For their solution, it is proposed to use new financial instruments providing for the development of co-financing programs, the formation of venture funds, and development of financial relations within the public- and municipal-private partnership. Novelty/originality. Novelty and originality of the research carried out are in the solution of the scientific and practical problem of external financing of Ukrainian SMB from the EU and substantiation of recommendations aimed at the intensification of state and local executive authorities’ participation in the development of financial cooperation with European financial institutions.
Urgency of the research. In the conditions of a short-age of local financial resources, financing of infrastructure projects is impossible without the development of the system of municipal lending. Target setting. An important condition for the devel-opment of the municipal lending system is the introduction of modern information technology in the process of interaction between local governments with potential lenders and investors. Actual scientific researches and issues analysis. Theoretical and methodological aspects of the development of municipal lending, the market for municipal borrowing are considered in the scientific works of domestic and foreign scholars, in particular D. Bergstresser, O. P. Kyrylenko, А. V. Petrykiv, J. Reck, I. Z. Storonianska. Uninvestigated parts of general matters defining. However, in the context of e-government development, the low level of application of modern information technologies in the municipal lending market requires further research. The research objective. The purpose of the paper is to substantiate the need for the use of modern information technologies by local authorities and local governments in the system of municipal lending. The statement of basic materials. The article reveals the problems and necessity of introducing modern infor-mation technologies into the system of municipal lending. The use of local government and local government cloud technologies, systems of Internet-trading, creation of centers of information and financial technologies for expanding the boundaries of information interaction between all the participants of municipal lending is proposed. Conclusions. As a result of the introduction of infor-mation technologies into the system of municipal lending, the amount of funds will be increased to solve the financial problems of the development of the local economy.
The war broken out by Russia against Ukraine caused a violation of the financial balance in the world and resulted in the need to reform the existing structure of the world financial architectonics. The purpose of the paper is to study the problems, identify threats and risks of the functioning of the world financial architectonics; develop and substantiate the directions for its reformation in current conditions. To achieve the purpose, it has been investigated the essence of the term "financial architectonics" and determined its difference from the term "financial architecture". The author's definition of the essence of world financial architecture has been provided, which refers to the development potential of the world economy, world financial and currency systems, and world financial market, which is based on the close interaction of all participants of the world financial space in the direction of forecasting, planning and timely response to all challenges and threats of external and internal environment in order to reduce the negative impact of global financial risks on the world financial security. The problems, threats and risks of the functioning of the world financial architectonics have been identified. Among the main ones are the growth of inflation; deterioration of logistics; destabilization of the situation on the energy market; food and social crises in many countries of the world. The directions for reforming the world financial architectonics in current conditions have been developed and substantiated. The main directions of reforming the world financial architectonics include the need for digitalization, informatization and networking of the world financial space; the development of a cyber security strategy, the global economy and national economies of the world, as well as increasing the efficiency and effectiveness of the international financial policy.
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