Strategies for the Recovery of Ukraine’s Economy After the War: The Role of Financial Management

Authors

  • Andriy Kalynovskyy Associate Professor of the Department of Foreign Trade and Customs of the Lviv Polytechnic National University, Lviv, Ukraine https://orcid.org/0000-0001-7927-3033
  • Viktoriia Myronchuk Candidate of Economic Sciences, Associate Professor of the Department of Finance, Banking and Insurance of the Vinnytsia Educational and Research Institute of Economics of the West Ukrainian National University, Vinnytsia, Ukraine https://orcid.org/0000-0002-1720-4558
  • Nataliya Kalynovska Senior Lecturer of the Department of Management and International Business of the Lviv Polytechnic National University, Lviv, Ukraine https://orcid.org/0000-0002-7125-8039

DOI:

https://doi.org/10.5281/zenodo.14504921

Keywords:

economic reconstruction, budget planning, investment management, financial stabilization, structural reforms

Abstract

Post-war economic recovery strategies for Ukraine play a particularly important role at a time when the country is facing large-scale destruction, significant economic losses and challenges caused by the war. The importance of financial management in this process cannot be overestimated, since effective management of financial resources determines the speed and quality of recovery. The role of financial management in the post-war economic recovery strategy for Ukraine is to stabilize the economy, attract investment, implement reforms and ensure social stability. At a time when the country has suffered significant economic losses, strategic financial management is important for a rapid recovery. The purpose of this article is to determine the role of financial management in the post-war economic recovery strategy for Ukraine. Methods: analysis of scientific literature, comparison, systematization, generalization. Results. Studies show that the role of financial management in the post-war recovery of the Ukrainian economy is very important to overcome economic difficulties and ensure the sustainable development of the post-war country. Without effective financial management, Ukraine will face difficulties in implementing reforms that attract resources, optimize costs and stop progress on the road to recovery The benefits of financial management for Ukraine’s economic recovery have been identified. Through effective financial management, Ukraine will be able to stabilize its economy, rebuild its infrastructure, create new jobs and attract additional resources to ensure sustainable economic development. It should be noted that structural reforms as part of Ukraine’s economic recovery are an integral part of the long-term post-war recovery strategy. They not only restore or modernize the main sectors of the economy suffered during the conflict, but also against the accumulated problems over the years of economic transformation and political instability Financial stability is one of the main prerequisites for the successful recovery of the Ukrainian economy after the war. The conclusions emphasize that financial stability is an important prerequisite for the successful recovery of the Ukrainian economy after the war. It provides the necessary conditions for normalizing the economic environment, balancing the state budget, creates a basis for further development and integration of Ukraine into the world economy, and forms a reliable foundation for stable and sustainable economic growth.

Published

2024-12-17

How to Cite

Kalynovskyy, A., Myronchuk, V., & Kalynovska, N. (2024). Strategies for the Recovery of Ukraine’s Economy After the War: The Role of Financial Management. Achievements of the Economy: Prospects and Innovations, (13). https://doi.org/10.5281/zenodo.14504921