MECHANISMS OF MODERNIZATION OF THE SYSTEM OF FORMATION OF FINANCIAL AND RESOURCE PROVISION FOR THE IMPLEMENTATION OF PROJECTS FOR THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

Abstract

The article identifies key aspects of building a policy of financial and resource support for the implementation of projects for the development of the country’s economy, taking into account a number of challenges and threats, adaptation to which requires the use of a new approach to managing resource sources and needs. In conditions of constant upheavals and shocks that are not subject to regulation and cannot be reliably predicted, adherence to approaches to systemic and comprehensive regulation of financial and resource support processes allows for the formation of a necessary set of mechanisms capable of effectively and efficiently modernizing the state regulatory system for managing resource flows. It is proven that modern challenges associated with post-war reconstruction, global economic changes and Ukraine’s integration into the world market require the adaptation of financial and resource support mechanisms to new conditions. It is the application of a comprehensive approach to determining mechanisms for modernizing the system of forming financial and resource support for project implementation that allows for the creation of a solid foundation for sustainable economic development, contributes to the modernization of the Ukrainian economy, increases its competitiveness at the international level and ensures socio-economic stability. The significance, content, main tasks and expected results of the implementation of mechanisms for modernizing the system of forming financial and resource support for the implementation of national economic development projects, which involve institutional and organizational, financial and economic, innovative and technological, integration and information and analytical changes, are substantiated. The effective formation and use of financial resources ensures the financing of priority areas of economic development, the creation of new jobs, strengthening infrastructure and attracting foreign investment.