International banking cooperation as a factor of economic reconstruction and financial stability of Ukraine

Анотація

The article examines international banking cooperation as a systemic factor in ensuring Ukraine’s financial resilience and economic reconstruction amid a full-scale war. The relevance of the study is determined by unprecedented financing needs for recovery and reconstruction, which necessitate effective mobilization of external financial resources and their transformation into domestic investment flows. The purpose of the paper is to provide theoretical and analytical substantiation for the role of international banking cooperation in maintaining macro-financial stability and in underpinning Ukraine’s economic recovery. The research is based on institutional, systemic, and analytical approaches, which allowed the identification of the multi-level structure of international banking cooperation, including macro-financial, bank-intermediate, and investment-guarantee components. It is substantiated that the key instruments of such cooperation include programs of international financial institutions, portfolio risk-sharing mechanisms, credit lines, trade finance instruments, guarantee schemes, blended finance tools, and war-risk insurance mechanisms. The findings demonstrate that international financial support exerts a comprehensive impact on macro-financial stability through the accumulation of international reserves, the reduction of inflationary pressures, the stabilization of the foreign exchange market, the strengthening of banking system liquidity, and the activation of lending. It is argued that the banking sector plays a crucial role as a transmission channel, transforming external financial resources into investments in the real sector and into reconstruction projects. At the same time, the study reveals that the effectiveness of international banking cooperation is constrained by war-related risks, insufficient development of de-risking instruments, and institutional limitations of the banking system. Based on the results, the paper highlights the need to expand guarantee and insurance mechanisms, enhance banks’ institutional capacity, and improve the transformation of international financial assistance into long-term investment resources. Keywords: international banking cooperation; financial resilience; economic reconstruction; banking system; international financial institutions; guarantees; risk-sharing; trade finance; war risk.

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