SUSTAINABLE DEVELOPMENT OF UKRAINE AS AN INNOVATIVE APPROACH TO ITS POST-WAR RECOVERY

Abstract

Introduction. The main purpose of international economic cooperation while achieving the goals of sustainable development is to solve global problems related to overcoming poverty, saving the planet, and developing economy as a whole. Problem Statement. Additional research is needed to assess Ukraine’s achievements and to outline its opportunities in implementing the goals of sustainable development as an innovative approach to its post-war recovery that is relevant for attracting impact investments as an innovative investment tool. Purpose. The purpose of this research is to assess achievements and to outline opportunities of Ukraine in the implementation of economic, social, and environmental goals of sustainable development in the conditions of post-war recovery. Materials and Methods. The research is based on the concept of sustainable development. Empirical (observation, description) and theoretical (analysis, synthesis, abstraction, generalization, induction, deduction, and explanation) methods have been used to study the current state of Ukraine’s achievements in the sphere of sustainable development and to outline the post-war prospects. Results. The analysis of the social and environmental goals of sustainable development in Ukraine has shown positive dynamics until 2022 and illustrated a high potential for achieving the goals of sustainable development. From 2022, there has been reported a crisis in all components of sustainable development. Because of the war, population migration and unemployment, and mortality have increased rapidly, while the birth rate and the economic indicators of the country’s development have decreased. The worst situation in Ukraine has been reported in the implementation of environmental goals. Conclusions. For the post-war recovery of Ukraine, it is necessary to create conditions for attracting investments, especially impact investments that should prevail. To this end, it is necessary to regulate impact investing at the legislative level, to promote the disclosure of information by enterprises about their social and environmental activities in the corporate reporting, as well as to form intermediary platforms for investors who wish to invest in sustainable development.