IMPROVEMENT OF THE PRACTICE OF FINANCING INVESTMENT PROJECTS OF ENTERPRISES OF THE REPUBLIC OF UZBEKISTAN
Schlagwörter:
Investment projects, project financing, Uzbekistan enterprises, financial instruments, capital markets, development banks, public-private partnerships (PPPs), risk management, long-term credit, ESG finance, economic development, institutional reform.Abstract
This article examines the current state and development prospects of financing investment projects in enterprises of the Republic of Uzbekistan. As the national economy undergoes structural transformation and industrial diversification, the need for efficient and sustainable financing mechanisms for investment projects has become increasingly vital. The study identifies key challenges, including limited access to long-term credit, underdeveloped capital markets, and the predominance of state-led financing models. It analyzes international best practices and explores the potential for greater involvement of private financial institutions, development banks, and public-private partnerships (PPPs). Special emphasis is placed on the role of digital financial instruments and ESG (Environmental, Social, and Governance) considerations in enhancing the investment climate. The article concludes with strategic recommendations to improve the institutional framework, expand financing sources, and enhance the risk management system in project financing.
Literaturhinweise
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