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THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTIONS IN SUPPORTING INNOVATIVE PROJECTS
Farrux Aminov

The article analyzes the role of international financial institutions in financing innovative projects and their implementation. The strategy, financial instruments, and technical assistance of such large financial institutions as the World Bank, the Asian Development Bank, and the International Monetary Fund in supporting innovations will be highlighted. At the same time, the effectiveness of cooperation with international institutions based on the experience of the CIS countries, in particular Uzbekistan, will also be considered. The article provides an in-depth analysis based on the views of scientists, practical examples, existing problems, and promising proposals.

07/31/2025
  • PDF (Uzbek)
29-35 67 55
ECONOMIC MECHANISMS AND LEVERS OF COOPERATION WITH INTERNATIONAL FINANCIAL AND CREDIT INSTITUTIONS
Bobur Qosimov

The article analyzes the economic content, forms and modern mechanisms of cooperation with international financial and credit institutions. Also, proposals and recommendations have been developed for the further development of relations with international financial institutions and increasing economic efficiency in the conditions of  Uzbekistan.

07/31/2025
  • PDF (Uzbek)
107-111 56 45
PROSPECTS FOR DEVELOPING UZBEKISTAN'S RELATIONS WITH INTERNATIONAL FINANCIAL ORGANIZATIONS
Farangiz-bonu Ortigaliyeva, Zilola Shamansurova

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.

11/29/2024
  • PDF (Uzbek)
237-244 89 36
INNOVATIVE EFFECTS OF INFORMAL COMPETITIVE ACTIVITY OF DIGITAL PLATFORMS
Dilnoza Dzhalilova

Competition from the informal sector, including digital platforms, presents a significant challenge for formal companies. In response to this pressure, formal firms may introduce innovations that provide them with a competitive advantage. Using a probit model, this study examines the relationship between informal competitive pressure and the innovation activities of formal firms, based on enterprise survey data conducted by the World Bank in Uzbekistan in 2019. The results indicate that informal competition increases the likelihood of innovative activity in formal companies by 7 percentage points, holding other variables at an average level. Additionally, holding international certifications and membership in trade organizations increase the likelihood of innovation by 13.9% and 14.5%, respectively. Although informal competition has a significant positive effect on the adoption of innovative products/services, it may also have other implications; therefore, policy recommendations should consider measures to reduce the level of informality in the economy.

10/31/2024
  • PDF (Russian)
344-350 94 72
THE ROLE OF INTERNATIONAL RATINGS AND INDICES IN INCREASING THE ATTRACTIVENESS OF THE INVESTMENT ENVIRONMENT IN THE COUNTRY
Foziljon Rustamov

This study examines the relationship between key macroeconomic indicators,
including the Human Development Index, Gender, Business, and Law indices, as well as the ease of doing business index and import level, with the inflow of foreign direct investment into Uzbekistan. Using OLS regression, correlation analysis, cointegration tests, and other econometric techniques, the analysis reveals that changes in the Human Development Index, Gender Index, Business and Legal index, and Import level positively correlate with foreign investment inflows. This suggests that human development, gender equality, business environment, and improved import policies play crucial roles in attracting foreign investments.

06/30/2024
  • PDF (Uzbek)
158-167 123 51
STATE OWNERSHIP AND CORPORATE GOVERNANCE EFFECTIVENESS IN UZBEKISTAN: WORLD BANK DATA ANALYSIS
Guzal Jumayeva

This article evaluates the effectiveness of corporate governance in state-owned enterprises in Uzbekistan using the institutional iSOEF diagnostic framework and practical indicators from the WBES dataset. The findings indicate that weak transparency, irregular audit practices, insufficient board independence, slow corporatization processes, and high regulatory burdens constrain governance quality and amplify institutional risks. The integrated analysis of macro- and micro-level information reveals the systemic nature of these challenges and provides evidence-based recommendations for modernizing corporate governance within the state sector.

11/28/2025
  • PDF (Uzbek)
112-118 28 24
ENSURING FINANCIAL STABILITY IN AGRICULTURAL FINANCING THROUGH THE INTEGRATION OF BUDGETARY, INSURANCE AND BANKING MECHANISMS
Rustam Imomov

This article examines how financial stability in agriculture can be enhanced through the integration of budgetary, insurance and banking mechanisms of agricultural financing. The main purpose of the study is to assess the synergistic effect of combining government budget support, agricultural insurance and commercial bank lending in the context of Uzbekistan’s rural sector. The methodological framework includes a literature review, correlation and regression analysis, an insurance pricing model, credit risk analysis and the assessment of a farm capitalization index. The empirical database is built using statistics from international organizations such as the IMF, FAO, World Bank and OECD, as well as official data from Uzbekistan. The results show that higher public agricultural expenditure reduces the volatility of agricultural growth, expanded insurance coverage improves farmers’ access to credit, and insured loans exhibit significantly lower default probabilities. The relatively low farm capitalization index indicates that Uzbekistan’s agricultural sector is undercapitalized and constrained in terms of long-term investments. The authors argue that the integrated use of budgetary support, insurance schemes and bank lending should be viewed as a strategic direction for strengthening financial stability in agriculture and propose practical policy recommendations for agricultural and financial authorities.

11/28/2025
  • PDF (Uzbek)
62-69 25 26
STATISTICAL RESEARCH ON SOCIAL SUPPORT FOR THE POPULATION OF UZBEKISTAN
Abdulla Qurbonboyev

This study examines the system of social support for the population in the Republic of Uzbekistan through statistical analysis. The country’s social protection policy is aimed at improving the population’s living standards, increasing employment, and reducing poverty, where official statistical data are of critical importance in assessing its effectiveness. During the research, methods of descriptive and trend analysis were applied using open-access data provided by the Statistical Agency of the Republic of Uzbekistan, the Ministry of Finance, the United Nations (UN), and the World Bank.

03/28/2025
  • PDF (Uzbek)
181-188 83 37
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