INTERNATIONAL FINANCIAL INSTITUTIONS IN CENTRAL ASIA: INSTITUTIONAL MECHANISMS FOR FINANCING DEVELOPMENT IN UZBEKISTAN

This article examines the institutional mechanisms through which international financial institutions (IFIs) contribute to financing development in Uzbekistan within the broader context of Central Asia. The study is based on the theoretical framework of New Structural Economics and applies qualitative methods, including document analysis, case studies, and comparative analysis. The findings reveal that IFIs play a multidimensional role by providing financial resources, technical assistance, and institutional support, thereby facilitating structural transformation and economic modernization. The study identifies key challenges, such as underdeveloped financial markets, institutional constraints, and risks associated with external financing. It concludes that effective utilization of IFI resources requires strengthening domestic institutions, improving regulatory frameworks, and adopting a comprehensive approach that integrates financial, technological, and policy dimensions. The results contribute to understanding the role of IFIs in promoting sustainable economic development and regional stability in Central Asia.