PROSPECTS FOR DEVELOPING UZBEKISTAN'S RELATIONS WITH INTERNATIONAL FINANCIAL ORGANIZATIONS

Authors

DOI:

https://doi.org/10.60078/2992-877X-2024-vol2-iss11-pp237-244

Abstract

Our article discusses the importance of international financial organizations and their role in economic development, as well as an analysis of Uzbekistan's current financial relations with international financial organizations and the prospects for expanding cooperation between them. The main areas of cooperation are analyzed using the example of the International Monetary Fund (IMF) and the World Bank.

After gaining independence, Uzbekistan established active relations with international financial institutions. In particular, it has implemented a number of major projects in the fields of agriculture, transport, healthcare, education, infrastructure, energy, and construction. In recent years, reforms aimed at liberalizing the economy and increasing investment attractiveness have led to further expansion of cooperation. The article highlights Uzbekistan's promising projects with these organizations aimed at sustainable development, green economy, inclusive economy, poverty reduction, employment generation, and creation of modern infrastructure through long-term strategies. As a result of this cooperation, it is envisaged that our country will strengthen its integration into the global economy.

Keywords:

international financial institutions financial relations economic cooperation economic development International Monetary Fund (IMF) World Bank debt burden budget deficit public-private partnership (PPP) international integration

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How to Cite

Ortigaliyeva, F.- bonu, & Shamansurova, Z. (2024). PROSPECTS FOR DEVELOPING UZBEKISTAN’S RELATIONS WITH INTERNATIONAL FINANCIAL ORGANIZATIONS . In Economic development and analysis. https://doi.org/10.60078/2992-877X-2024-vol2-iss11-pp237-244