PROSPECTS FOR THE EFFECTIVE USE OF EXTERNAL DEBT IN FINANCING INFRASTRUCTURE PROJECTS IN UZBEKISTAN

Authors

  • Scientific Research Center "Scientific Foundations and Problems of the Development of the Economy of Uzbekistan" under Tashkent State University of Economics
    https://orcid.org/0009-0004-6252-2688

DOI:

https://doi.org/10.60078/3060-4842-2026-vol3-iss2-pp89-95

Abstract

The article analyzes the economic significance and effectiveness of the use of external debt in financing infrastructure projects in Uzbekistan. The study examined the role of external debt resources in the development of energy, transport, utilities and water management infrastructure. It also analyzed the multiplier effect of infrastructure investments on economic growth, institutional problems in financing investment projects and opportunities for the effective use of external debt. The results of the study showed that improving investment assessment mechanisms, expanding public-private partnerships and effective management of the external debt portfolio are of great importance in financing infrastructure projects. These approaches will serve to increase the efficiency of the use of external debt and the sustainable development of the country's infrastructure

Keywords:

infrastructure projects foreign debt investments infrastructure financing public-private partnerships economic growth infrastructure investments financial stability

References

Asian Development Bank (2022) Uzbekistan Country Partnership Strategy. Manila: ADB.

Barro, R. (1990) ‘Government spending in a simple model of endogenous growth’, Journal of Political Economy, 98(5), pp.103–125.

Estache, A. and Serebrisky, T. (2014) Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? Washington DC: World Bank.

Grimsey, D. and Lewis, M. (2004) Public Private Partnerships: The Worldwide Revolution in Infrastructure Provision and Project Finance. Cheltenham: Edward Elgar.

Reinhart, C. and Rogoff, K. (2010) ‘Growth in a Time of Debt’, American Economic Review, 100(2), pp.573–578.

World Bank (2020) Infrastructure Finance and Public-Private Partnerships. Washington DC: World Bank.

Xodiev, B. and Berdiev, T. (2021) Davlat qarzini boshqarish va iqtisodiy barqarorlik. Toshkent: Iqtisodiyot nashriyoti.

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How to Cite

Karimov , B. (2026). PROSPECTS FOR THE EFFECTIVE USE OF EXTERNAL DEBT IN FINANCING INFRASTRUCTURE PROJECTS IN UZBEKISTAN. Advanced Economics and Pedagogical Technologies, 3(2), 89-95. https://doi.org/10.60078/3060-4842-2026-vol3-iss2-pp89-95

Issue

Vol. 3 No. 2 : Advanced Economics and Pedagogical Technologies

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Articles

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