“TRENDS OF DEVELOPMENT OF MICROFINANCIAL SERVICES AND AUDIT SYSTEM IN UZBEKISTAN”
DOI:
https://doi.org/10.55640/Keywords:
microfinance services, banking system, microloan, financial inclusion, microcredit, micro-leasing, small business, entrepreneurship, economic reforms, digital banking services, mobile banking, Tayyab Finance Microfinance Organization.Abstract
This article examines, from a scientific perspective, the formation and development of the microfinance services system in Uzbekistan. Microfinance mechanisms are considered an important factor in expanding the financial capabilities of the population, supporting small business and entrepreneurship, creating new jobs, and strengthening social stability under the conditions of economic reforms. The study analyzes statistical indicators observed in the national banking system in recent years. In addition, the role and significance of audit activities in commercial banks are explored. Specifically, the article analyzes the role of the audit system in ensuring the transparency of microfinance operations, managing risks, increasing the efficiency of lending processes, and verifying the accuracy of financial calculations.
References
1. Decree of the President of the Republic of Uzbekistan No. PF-5992 dated May 12, 2020 “On the Strategy for Reforming the Banking System of the Republic of Uzbekistan for 2020-2025”. www.lex.uz
2. Law of the Republic of Uzbekistan “On Non-Bank Credit Organizations and Microfinance Activities”. March 17, 2022. www.lex.uz
3. Resolution of the Central Bank of the Republic of Uzbekistan No. 3412 dated January 11, 2023 “On Approval of the Regulation on Coordination of the Activities of Microfinance Organizations and Pawnshops”. www.lex.uz
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микрофинансовых организаций.- Тошкент: МОЛИЯ, 2009. – С. 11-13
7. Abidova Guzal, article on “Development trends of microfinance services in Uzbekistan and their role in the banking system”, “Innovative Academy” magazine, 2023, pp. 50-52.
8. Website of the Central Bank of the Republic of Uzbekistan. www.cbu.uz
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