INSTITUTIONAL ASPECTS OF COMMERCIAL BANK PRIVATIZATION IN THE REPUBLIC OF UZBEKISTAN
Keywords:
bank privatization, institutional reforms, commercial banks, financial sector, Uzbekistan.Abstract
Institutional quality plays a decisive role in the success of bank privatization in transition economies. In the Republic of Uzbekistan, commercial bank privatization has become a key element of broader financial sector reforms aimed at reducing state dominance and improving market efficiency. This article examines the institutional foundations of commercial bank privatization in Uzbekistan, identifies existing constraints, and proposes directions for institutional improvement. Using an institutional and policy-oriented analytical approach, the study demonstrates that weaknesses in corporate governance, regulatory enforcement, and financial transparency limit the effectiveness of privatization efforts. Strengthening institutional frameworks is essential for ensuring sustainable banking sector development.
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