CHALLENGES AND PROSPECTS FOR IMPROVING COMMERCIAL BANK PRIVATIZATION IN THE REPUBLIC OF UZBEKISTAN
Abstract
The privatization of commercial banks is a central component of financial sector reforms in transition economies. In the Republic of Uzbekistan, banking sector privatization has been actively promoted as part of broader economic liberalization and market-oriented reforms. This article analyzes the current state of the commercial bank privatization process in Uzbekistan, identifies key structural and institutional challenges, and proposes directions for its improvement. Using institutional and comparative analysis, the study argues that effective privatization requires enhanced corporate governance, improved transparency, pre-privatization financial restructuring, and the attraction of strategic investors. The findings contribute to the discussion on banking sector reforms in emerging economies.References
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