Abstract:

The subject of the study is the financial solvency of international cooperation organizations with the participation of Russia-BRICS and Shanghai cooperation organization (SCO). The article presents a factor analysis of the dynamics of financial solvency in BRICS and SCO countries with an assessment of the growth rate (GR) of a set of interdependent indicators- Bank's liquid reserves in relation to assets, broad money supply, exchange rate, deflator index, inflation (consumer prices), interest rate on loans (private sector), trading domestic companies (according to the World Bank Group), followed by a polynomial approximation. As a result of the factor analysis of financial solvency dynamics in BRICS and SCO countries, it was revealed that Russia's cooperation with the BRICS countries leads to greater losses than with the SCO countries. The article identifies promising areas of cooperation between Russia and SCO countries.