FORMATION OF THE INTERNATIONAL FINANCIAL ARCHITECTURE AND ITS ROLE IN ENSURING MACROFINANCIAL STABILITY

Introduction. A characteristic feature of the current stage of world economic development is the spread of globalization processes, which encompass all spheres of social life, primarily financial and economic, strengthening the interconnections and interdependence of national economies. Under conditions of financial globalization, ideas of strengthening the symbiosis between national and international financial systems are becoming widespread. These ideas envision improving the effectiveness of individual countries' economic policies, better interaction between national and international institutions in forming and implementing financial and credit policies, and strengthening the credit and stabilization capacity of international financial organizations, including increasing their resource capabilities. The recent global financial crisis confirmed the inadequacy of existing organizational and institutional mechanisms of international financial organizations to meet the requirements and challenges of the current international economic relations development stage, necessitating their comprehensive reform. To ensure macro-financial stability in conditions of territorial and institutional market integration, it is necessary to strengthen and improve the effectiveness of international cooperation in forming international regulatory mechanisms in the context of further reforming the international financial architecture, which requires theoretical and methodological justification. The aim of the article is to study the functions of international financial organizations in the context of forming international financial architecture and their role in ensuring the macro-financial stability of member countries based on the analysis of current financing and lending trends, conducting an analysis of Ukraine's interaction with IFOs and evaluating its mechanisms, strategies and results in terms of economic development, financial stability, investment potential, risks and prospects for Ukraine's development during the war and in the period of post-war reconstruction. Materials and methods. The research materials include 1) data from the websites of international financial organizations, including the National Bank of Ukraine, and 2) scholarly publications regarding the functions and results of IFO activities and their effectiveness. The research process used the following methods: historical (studying the stages of international financial architecture formation and the development of the IFO system), theoretical generalization (determining IFO functions, forms, and directions of interaction between state institutions and IFOs), and statistical (analyzing IFO performance indicators and their interaction with Ukraine).