Trusova Natalia, Doctor of Economic Sciences, Professor, Professor of the Department of Finance, Accounting and Taxation, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine

ORCID ID: 0000-0001-9773-4534
e-mail: trusova_natalya5@ukr.net

Financial and credit policy of agrarian and food industry in conditions of changing institutional doctrine of Ukraine

Abstract. Introduction. The article examines the transformational course of events regarding the change in the direction of development of the financial and credit policy of the agro-food industry in the context of changes in the institutional doctrine of Ukraine. The direction of changes in the development of the financial and credit policy of the agro-food industry of Ukraine with the aim of suspending the monetary, banking and budget recession, restoring economic relations with the EU during the period of martial law, establishing temporary support and activating the movement of financial flows from global financial institutions are substantiated.

Purpose. The purpose of the article is to substantiate the direction of changes in the development of the financial and credit policy of Ukraine regarding the suspension of the monetary, banking and budget recession and the stabilization of economic ties with the EU countries for the restoration and stabilization of the functioning of the agro-food industry in the war and post-war period.

Results. A conceptual approach to the change of the institutional doctrine of Ukraine and the development of the financial and credit policy of the agro-food industry with the help of four interconnected sectors is presented: private, budgetary, monetary and foreign economic. The trend of changes in the NBU discount rate in the pre-war and war period of Ukraine, which is closely related to the overnight rates on the interbank market, is given. The volume of loans to the agro-food industry under the state pro-gram “Affordable loans 5-7-9%” is given and its interaction with portfolio guarantees of banking institutions is demonstrated. The structure of grants to the agro-food industry from international fi-nancial institutions is presented.

Conclusions. The promising direction of financial integration and restoration of the agro-food industry should be a transformational model of the general balance of financial and credit flows between the countries of the European Union and Ukraine. A special institutional structure of finance in the agro-food indus-try is defined, which forms the movement of financial flows from international financial institutions for the reproduction of monetary, budgetary and tax incentives in a new vector of the country’s develop-ment.

Keywords: financial and credit policy, agro-food industry, bank lending, financial support, grants, financial insti-tutions.

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