THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTIONS (INTERNATIONAL MONETARY FUND, WORLD BANK, ASIAN DEVELOPMENT BANK) IN SUPPORTING ECONOMIC REFORMS IN UZBEKISTAN

Abstract

This article examines the role of international financial institutions, including the International Monetary Fund (IMF), the World Bank, and the Asian Development Bank (ADB), in supporting economic reforms in Uzbekistan. Since gaining independence, Uzbekistan has implemented significant economic transformations, aiming for market liberalization, investment attraction, and financial stability. These international financial institutions have played a crucial role in facilitating these reforms by providing financial aid, technical assistance, and investment programs. The paper explores the impact of these institutions on Uzbekistan’s economic development, with a focus on key reform areas such as fiscal policy, infrastructure, and financial sector stability. Furthermore, the study assesses how collaboration with these organizations has influenced Uzbekistan's macroeconomic indicators and long-term growth strategy.