THE ROLE OF REGIONAL BANKS IN UZBEKISTAN’S SUSTAINABLE DEVELOPMENT: CHALLENGES AND INNOVATIONS
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In the context of economic reforms and sustainable development strategies, regional banks in Uzbekistan are becoming a vital component of the national economy. This article examines the role of regional banks operating in various provinces of Uzbekistan in sustainable development, the challenges they face, and innovative solutions. The paper analyzes statistical data, government programs (e.g., *"Yel-yurt umidi"*), the introduction of digital technologies (Click, Payme), and the role of regional banks in supporting small and medium-sized businesses (SMEs). Research findings indicate that regional banks play a crucial role in infrastructure projects, agricultural financing, and enhancing financial inclusion. However, they encounter challenges such as competition with capital-based banks, a shortage of long-term resources, and difficulties in adopting digital technologies. The article proposes solutions, including government support mechanisms, collaboration with fintech companies, and improving workforce qualifications.
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References
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