ANALYSIS OF THE DEVELOPMENT OF FINANCIAL MARKETS IN THE REPUBLIC OF UZBEKISTAN ABSTRACT

Abstract

The development of financial markets in the Republic of Uzbekistan has undergone significant transformation in recent years, driven by comprehensive economic reforms, liberalization policies, and efforts to integrate with the global financial system. As part of a broader strategy to modernize its economy and attract foreign investment, Uzbekistan has implemented key measures to enhance market infrastructure, improve regulatory frameworks, and foster investor confidence. This analysis explores the major milestones and challenges in the development of Uzbekistan's financial markets, focusing on the progress in capital markets, banking sector reforms, and the role of foreign investment. While substantial advancements have been made, ongoing efforts are required to address existing challenges, such as market volatility, regulatory consistency, and financial inclusion. The case of Uzbekistan serves as an illustrative example of how strategic policy interventions can facilitate the development of financial markets in emerging economies, contributing to broader economic growth and stability.