Sustainable Development in Ukraine: Enhancing Financial Sector Infrastructure

This research aims to examine the consequences and risks associated with the financial sector construction for the sustainable development of Ukraine and provide recommendations for Ukrainian policy to further the country’s development on the aspect of financial structure. Following an ecological approach to conducting research, the study uses databases, academic publications and case analysis to assess challenges in the Ukrainian financial system, particularly stressing sustainable development in Ukraine. Lack of or inadequate regulatory framework, poor implementation of the laws, corruption and lack of accountability and transparency appear as major challenges that erode the system’s sound and effective framework. As a result of the research, the quantitative and qualitative assessment of policies to overcome the challenges is given and the short-term and long-term policy changes are revealed with a focus on the regulatory and technological aspects of sustainable development in Ukraine. Besides, the study also focuses on the best practices from other countries to understand, what can be useful and appropriate in the context of Ukraine and learn more about successful experiences of the achievement of sustainable development in Ukraine. An econometric analysis is constructed to predict future tendencies based on the statistical information that enhances the tool with qualitative perspectives on sustainable development in Ukraine. The outcomes are summarized within concluding reflections and global-policy prescriptions for policymakers, regulators, business actors and global partners to promote sustainable development and prosperity of Ukraine’s financial industry.