Alternative Financial Mechanisms in Agriculture for Uzbekistan

Alternative Financial Mechanisms in Agriculture for Uzbekistan

December 10, 2024

This study analyzes the agricultural financing system in Uzbekistan and proposes sophisticated recommendations for its enhancement. The research encompasses an in-depth analysis of international best practices in agricultural sector financing, drawing insights from CIS countries, the USA, and the EU. A meticulous examination of Uzbekistan's legislative framework has been conducted to explore the feasibility of implementing additional financing mechanisms.
The study identifies the multifaceted challenges smallholder farmers face in accessing finance and modern technologies. Existing government support measures for the implementation of energy and water-saving technologies are critically assessed.
This research proposes recommendations for expanding the use of alternative financial instruments, developing microfinance, agricultural cooperatives, leasing, and insurance. Special attention is given to the need to stimulate investments and implement innovative technologies in the agricultural sector.