“…A law on state support for investment projects to increase the efficiency of cooperation with non-governmental organizations and improve the investment climate is expected (President of Ukraine, 2020). However, due to the unpredictability of decisions of state authorities about objects of financing from funds of NGOs (Korotin et al, 2019), the disproportionate structure and volumes of distribution of investment funds (Korotin et al, 2019), the scale of the volumes of socioeconomic challenges of the Ukrainian society (Reverchuk, Skomorovych & Sauers, 2016;Korotin et al, 2019) and many other problems significantly reduce the effectiveness of cooperation and interaction between Ukraine and NGOs. Consequently, the image of Ukraine as a reliable international partner and the investment attractiveness of the country is deteriorating.…”