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The article is devoted to the study of the peculiarities of the functioning of the United Nations Development Program in Eastern Europe. Particular attention was focused on researching and deepening knowledge about the peculiarities of the formation and the historical basis of the United Nations Development Program. The whole historical period of the development process of UNDP is divided into stages or decades, each of which was marked by a certain event. After analyzing the structure and responsibilities of UNDP, we determined that the system of organs is quite well-formed and successfully functioning. The main body is the Executive Board, which implements and coordinates UNDP policy, makes decisions and decisions. A separate accountable body is the Bureau of the Executive Council, which advocates organizational and formal issues. In the hierarchy of organs, there is such a concept as “regional groups” – a certain number of countries that represent the region of the world. The regional group of Eastern European countries includes 4 countries: Albania, Belarus, Moldova, Ukraine. Thus, to study the functioning of the UN Development Program in Eastern Europe, Moldova, Belarus, and Ukraine were selected. Each of the countries studied, have its own programs, especially their implementation procedure, the budget and the areas they are targeting. The mobility and flexibility of UNDP make it possible to adapt the peculiar and sometimes even very specific character of the country’s activities.

After a major downturn of the global economy in 2020 caused by the Covid-19 pandemic and despite renewed lockdowns in some parts of the world there are optimistic projections about global economy to rebound in 2021. The authors consider the consequences of the COVID-19 pandemic for the economies of Eastern Europe and Ukraine. Purpose of the article is to analyze the latest tendencies of economic growth perspectives in Eastern Europe countries due to COVID-19 pandemic and define the main risks, challenges and strong positions of Ukraine in post-pandemic period. The relevance of this topic lies, first of all, in the importance of determining the prospects for economic development of countries in different scenarios of the pandemic. Based on an in-depth analysis of data from international and Ukrainian agencies and individual experts, forecast data on the future economic development during 2021-2022 of Ukraine and some Eastern Europe countries are summarized. Ukraine, comparing to many countries around the world, has a relatively smaller reduction of economic indexes in 2020, due to the transformational nature of our economy, weak participation in global value chains, a significant share of shadow business and income, underdeveloped tourism, a significant share of agriculture and a large share of large-scale production, which did not stop even during peak quarantine periods.. Attention was paid to the specific risks of a pandemic for the economic development at global level, in Europe and Central Asia region and in Ukraine. The most significant challenges for national economic development were defined as such: strengthening hybrid threats to Ukraine's national security, lack of external financing and narrowing of access to international capital markets, failure to receive planned funding from the IMF, low intensity of reforms. Due to such serious risk factors, there is a need to develop a balanced regulatory to counter growing threats and restore economic growth to pre-pandemia level.

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