UKRAINE AND IMF: BASIS OF COOPERATION УДК 339.97; 339.923 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/https://publons.com/researcher/3265049/yevhenii-redziuk/ COOPERATION WITH THE IMF: THE IMPACT ON THE ECONOMIC GROWTH OF THE COUNTRIES OF THE WORLD AND UKRAINE The global economic system requires greater coordination and coherence in order not to provoke international financial and economic crises. Therefore, to minimize financial and economic crises, such a powerful center as the IMF functions. In general, the IMF is based on the neoliberal North Atlantic market values; it creates the conditions for cooperation between stakeholders and protects its legitimacy in the long term, increasing its effectiveness. Not all countries can cooperate productively with the IMF; there is sometimes a decline in the rate of economic growth and the intensification of crisis phenomena in their economies (Somalia – 1981; Kenya – 1990s; Indonesia, Malaysia and Thailand – 1997 Argentina – 2001, and others). However, there are positive examples of world-wide cooperation with the IMF: Peru – 1956, Mexico – 1956, 1982 and 1994, Portugal – 2011–2014, Cambodia – 1992, Brazil – 2015–2016, Poland – 2009–2011, Greece and Cyprus – 2009–2010, etc. Cooperation with the IMF is always a definite indicator of the reforms and confidence of Western investors in countries with which the IMF cooperates. Cooperation with the IMF is always a definite indicator of reforms and confidence of Western investors in countries with which the IMF cooperates: if such values prevail in the country, and government institutions are formed fully and impartially (market environment, rule of law, antitrust constraints, infrastructure availability, etc.), then there is the possibility of mutually beneficial cooperation. Without this, cooperation will be ineffective and will not always lead to economic growth. Keywords:International Monetary Fund; cooperation with the IMF; economic growth Бібл. 7
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