AGREEMENTS BETWEEN UKRAINE AND INTERNATIONAL FINANCIAL ORGANIZATIONS AS A SOURCE OF FINANCIAL LAW OF UKRAINE: THEORETICAL ASPECTS
Journal: International scientific journal "Internauka." Series: "Juridical Sciences" (Vol.1, No. 71)Publication Date: 2024-01-31
Authors : Kuzmin Andrii;
Page : 47-53
Keywords : international financial organizations; financial law; international agreement; sources of financial law; credit agreements;
Abstract
In the scientific article the author carries out a comprehensive analysis of credit and guarantee agreements, which are key elements of Ukraine's international financial interaction. The article reveals the multidimensionality and complexity of these agreements, their legal status, as well as their influence on the formation and development of financial law in the country. The author analyzes in detail the legal nature of credit and guarantee agreements, highlighting their features as a specific type of sources of financial law. The work focuses on identifying the features of these agreements, including the purpose of funding, conditionality, as well as implementation and enforcement mechanisms. Analysis of the concept and structure of sources of financial law allows to determine the place and significance of international financial agreements in the legal system of Ukraine. The author carefully examines the legal framework in which credit and guarantee agreements operate, considering them as instruments of international cooperation, carried out under conditions of strict legal regulation. An important role is played by the analysis of the conditions and obligations imposed on Ukraine within the framework of such agreements and the assessment of their implementation mechanisms, which include procedures for control, monitoring and compliance with international standards. In the context of the interaction of national financial legislation with international agreements, the author draws attention to processes of adaptation of legislation and introduction of changes required to fulfill international obligations. This includes reforming the budget system, improving public debt management mechanisms, regulating financial markets, and ensuring transparency and efficiency in the use of financial resources. The study provides a valuable analysis of the impact of credit and guarantee agreements on the economic development and financial stabilization of Ukraine. The author emphasizes that these agreements are not only instruments for attracting financial resources, but also catalysts for structural changes and reforms that contribute to the integration of Ukraine into the global economic system. In conclusion, the article emphasizes the importance of a deep understanding of the legal, economic and social aspects of the functioning of credit and guarantee agreements, their role in the formation of financial law and influence on the general legal system of Ukraine.
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