Financial Institutions and Markets
Abstract
The importance of economic cooperation in the development of the national economy increases with the development of the world economy and the deepening of the globalization process. Its main subjects are countries, multinational companies, regional and international economic organizations. Since the 80s of the 20th centuries, the scope of international economic cooperation has expanded and covered a wide range of economic relations. International financial institutions play a major role in the world economy. They provide funds and loans to various countries; help develop world trade and stabilize the financial system. International financial organizations are institutions established on the basis of international agreements in the field of international finance. In order to effectively and timely implement investment projects aimed at the rapid development of economic sectors in our country, consistent measures are being taken to actively attract funds from international financial institutions and donor countries. At the same time, the results of the analysis showed the existence of a number of problems in the management system of investment projects with the participation of international financial institutions and foreign government financial organizations that prevent the effective organization of work in this field, including: firstly, the lack of a systematic approach to the coordination of investment projects and the organization of control over their implementation leads to fraud, the timely utilization of allocated loan and grant funds, as well as unreasonably extending the project completion dates; secondly, the lack of adequate regulation of the issues of organizing the activities of relevant structures responsible for the implementation of investment projects leads to the duplication of obligations related to the implementation of projects and the burdening of organizations that do not have the necessary resources and opportunities for this.
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