International Financial Institutions and their role in the development of the economic system of the Republic of Moldova. The abstract of the thesis for the degree of Doctor of Economics.

Abstract

CONCEPTUAL GUIDELINES FOR THE RESEARCH. The relevance of the research topic. In modern financial and economic conditions, the role of International Financial Institutions (IFIs) in ensuring stability and progressive development of the world economic system is objectively increasing. The global economic crisis of 2008 and the consequences of the COVID-19 pandemic caused a serious reflection on the policy of both the entire system of the global world economy and its financial component. IFIs, which were created to regulate international economic relations with the basic goal of developing international cooperation and ensuring the sustainable development of the world economy, were not quite ready to prevent the spread of such global crisis phenomena. In connection with these challenges, it became necessary to reform the institutional foundations of the international financial system, primarily global IFIs, not only taking into account the interests of developed countries, but also taking into account the interests and characteristics of the economic development of countries with emerging market economies. In the conditions of global crisis phenomena, countries with developing market economies are the first to find themselves in a very difficult financial and economic situation. In this regard, the Republic of Moldova, in the process of reforming the economy, in order to solve the urgent financial and economic problems that have arisen, as well as to conduct an effective financial and economic policy, objectively needs the support of IFIs on acceptable terms and related recommendations for the development of its economic system, which determines the relevance of the research problem.