Financial instruments for the post-war reconstruction of critical infrastructure: international experience and prospects for implementation in Ukraine

Abstract

The article examines successful practices and cases of financial support for post-war reconstruction of critical infrastructure in countries of the world that at one time suffered from armed conflicts and active hostilities. The study of world experience shows the need to attract international funding mainly in the form of grants, focusing on the tasks of effective development of critical infrastructure using the mechanism of public- private partnership. At the same time, each country has its own specific features. It has been established that the main financial instruments used in the countries of the world for the post-war reconstruction and modernization of critical infrastructure facilities include the following: non-refundable financial assistance from the USA, loans, direct foreign investments, state budget funds, funds of individuals and legal entities, grants funds, donor assistance from international financial organizations, financial assistance from non-governmental organizations, preferential loans, reparation. On the basis of the generalization of the best international experience, the prospects of its introduction in the modern conditions of the development of the economy of Ukraine are determined. It is proposed to develop a National Strategy for the post-war reconstruction of critical infrastructure in Ukraine and a Plan for its implementation, in which appropriate financial instruments and institutions will be defined.