The role of Ukraine’s economic cooperation with international financial and credit organizations in the context of inclusion of Ukraine to the world economic system

The article is devoted to the analysis of the history of economic cooperation with the international financial and credit organizations in the context of the development of integration processes regarding the inclusion of the Ukraine's economy to the world economic system. The issues of cooperation of the Ukrainian state with the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development in the direction of financial and credit support for the reform of the public, municipal and private sectors of the economy are investigated. The factors that prevent effective cooperation with the International Financial Organizations are identified and threaten the desire for further integration of the Ukrainian economy into the world economic system, based on the analysis of the amount and purpose of financial and credit resources allocated by the International Financial Organizations. The main negative factors are: political incoherence and lack of awareness of the importance and necessity of Ukraine's cooperation with International Financial Organizations; ineffective work of specialists and employees that involved in the process of developing and implementing projects and programs of Ukraine's cooperation with International Financial Organizations; bureaucracy in the approval of Projects and Cooperation Programs with International Financial Institutions; high level of abuse and opacity of the use of credit facilities of International Financial Institutions; low rates of implementation of Ukraine's Economy Reform Plans and Programs, taking into account the requirements of International Financial Institutions as one of the main components of providing financial and credit assistance. Studies of the impact of international cooperation in the sphere of monetary relations on the process of modernization of Ukraine and its integration into the world economic system have shown that the cooperation of the Ukrainian state with the International Financial Organizations has become a key factor in intensifying integration and modernization processes.