PROBLEMATIC ASPECTS OF RISK MANAGEMENT OF INVESTMENT AND INFRASTRUCTURE PROJECTS FOR THE REСONSTRACTION OF UKRAINE

Authors

  • S.O. Kropelnytska Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380982835169 https://orcid.org/0000-0003-4992-9550
  • Z.M. Kryhovetska Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380664717708 https://orcid.org/0000-0002-0028-1960
  • V.V. Matskiv Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380968888835 https://orcid.org/0000-0003-3031-7060
  • I.I. Plets Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380962131900 https://orcid.org/0000-0002-9649-6770

DOI:

https://doi.org/10.15330/apred.1.19.254-263

Keywords:

risks, investment projects, infrastructure projects, risk management, reconstruction, financing

Abstract

The scientific research presented in the article is focused on the consideration and substantiation of the main and current problematic aspects of the use of risk management tools and recommendations for their optimal combination to ensure the maximum risk management efficiency in the implementation of investment and infrastructure projects for the reconstruction of Ukraine.

The article uses the methods of theoretical analysis of scientific literature, statistical analysis to study and systematize data on the volume of economic losses during the full-scale war in Ukraine and to assess the needs for recovery investments by economic sectors, and to make a comparative analysis of insurance and guarantee instruments for risk management of investment and infrastructure projects, taking into account the military and political conditions of their implementation, etc. The results of the study show that investment and infrastructure projects can be managed with the use of insurance and guarantee instruments in a way that is more effective than other methods of risk management.

The results of the study showed that investment and infrastructure projects for the reconstruction of Ukraine are accompanied by significant risks related to the uncertainty of economic and political conditions during Russia's war against Ukraine, financial and technical procedural problems, changes in legislation, in particular regarding investment incentives, etc. In order to effectively manage these risks, it is necessary to use a comprehensive approach, including the development of a risk management strategy, the definition of risk control and monitoring procedures, the use of financial, guarantee, insurance and digital tools, etc.

The scientific novelty of the study is to raise the issue of the need to develop an optimal combination of risk management tools for investment and infrastructure projects for the reconstruction of Ukraine in the face of the uncertainties associated with the war and post-war period and its conditions.

The practical significance of the study is that the results of the study can be used by managers, investors and developers of projects for the reconstruction of the Ukrainian economy both in the current state of martial law and after its termination.

Author Biographies

S.O. Kropelnytska , Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380982835169

PhD (Econ.), Associate Professor

Z.M. Kryhovetska , Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380664717708

PhD (Econ.), Associate Professor

V.V. Matskiv , Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380968888835

PhD (Econ.), Associate Professor

I.I. Plets , Vasyl Stefanyk Precarpathian National University Department of Finance Shevchenko str.57,Ivano-Frankivsk, 76018, Ukraine, tel.: +380962131900

PhD (Econ.), Associate Professor

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Published

2023-06-06

Issue

Vol. 1 No. 19 (2023): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT

Section

National economy

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