THE NECESSITY OF INTERNATIONAL CREDITS IN THE DEVELOPMENT OF UZBEKISTAN'S ECONOMY
Keywords:
international credit, international financial institutions, World Bank, International Monetary Fund, Asian Development Bank, foreign investments, commercial banks' resource base.Abstract
This article is dedicated to a deeper analysis of the role and significance of international credits in the development process of Uzbekistan's economy in recent years. Since achieving independence, Uzbekistan has faced significant issues related to strengthening the resource base of commercial banks. High interest rates on bank deposits have further exacerbated this issue. Throughout the article, the possibilities of enhancing the welfare of the population through the use of international credit lines are examined, and the relevant pressing issues are discussed in detail.
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