PROJECT FINANCE MANAGEMENT IN THE CONDITIONS OF THE GLOBALIZATION OF THE INTERNATIONAL ECONOMY

Purpose. The aim of the article is to define the role of project finance management in the conditions of the globalization of the international economy and analyse the main approaches to its implementation. Methodology of research. The following methods were used in the study: abstract and logical – to formulate theoretical conclusions about the concept of project finance; theoretical analysis and synthesis – to study the impact of the globalization of the international economy on project finance; systematic approach – to determine the relationship between management, project finance, and trends in the globalization of the international economy. Findings. It has been established that project finance plays a systemic and multifaceted role, providing a positive impact on key components of the international economy, in particular on infrastructure development, energy security, innovation, social and economic sustainability; contributes to the creation of new jobs, increasing the competitiveness of regions and countries, and supporting global sustainable development goals. Modern theoretical approaches to project finance are analysed, in particular, how globalization contributes to the integration of financial markets, expanding access to capital, and adaptation to changing economic and geopolitical conditions. It is proved that project finance significantly contributes to improving business efficiency by optimizing resources, reducing costs, and accelerating project implementation through innovative management and financial instruments. It is emphasized that project finance is a powerful driver of economic progress that combines economic, social and environmental benefits in the context of international integration. Originality. The systematization of the impact of project financing in the context of the globalization of the international economy has been further developed and its role as a synergistic systemic element of management that ensures the achievement of strategic goals, attracting various sources of funding and solving social problems has been substantiated. Practical value. The results of the study can be used to develop project financing management by international organizations in Ukraine aimed at restoring infrastructure and energy facilities. Key words: project financing, globalization, international economy, management, project.