FINANCIAL INCLUSION AS A COMPONENT RECOVERY OF UKRAINE’S ECONOMY

Abstract

Introduction. Finance is the main source of recovery of the country’s economy in the post-war period. This is a resource that directly forms the foundation for the development of real production and GDP growth. In order to maximize the potential of the financial system for the generation of financial resources, it is necessary for society to be involved in the continuous process of functioning of the financial system. One of the important mechanisms that allows society to effectively interact with the country’s financial system is financial inclusion. The term “financial inclusion” refers to the availability of financial services, protection of the rights of consumers of financial services, and increasing the level of financial literacy. Purpose. The study is designed to reflect financial inclusion as one of the mechanisms for the recovery of the country’s economy, and for this, separate aspects of the category of inclusion, which determines the financial inclusion of society, are revealed, the structure of financial inclusion is determined as a step-by-step process, and the importance of each stage for the recovery of the country’s economy is determined. The results. As a result of the study, it was established that inclusion is a broad concept defined as a continuous process consisting of such stages as digitalization of financial relations, development of financial products, legal protection of financial relations and popularization of financial products. As each of the stages is passed and specific results are achieved, the effectiveness of financial inclusion will increase, which will manifest itself in the maximum involvement of society in financial support of the country’s economic recovery.