Legal Framework For The Regulation Of Microfinance Banks In Uzbekistan And Their Development Prospects

Abstract

This article examines the legal framework governing the activities of microfinance banks in Uzbekistan, the economic rationale for their establishment, and their future development prospects. It also highlights the role of microfinance banks in promoting financial inclusion and financing small businesses and private entrepreneurship. Based on the findings of the study, the author proposes several scientific recommendations aimed at improving the operations of microfinance banks