The role of foreign investments in the economy of Uzbekistan

The article discusses the result of attracting foreign direct investment and loans for the implementation of large investment projects. Cooperation with the leading financial organizations promotes exercise of social and economic reforms in the state. Interaction of Uzbekistan with the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development allows to increase effectiveness of participation of the country in the international credit and financial relations, to strengthen the Uzbek positions in the international community, to make use of the international experience in perfecting of a domestic financial system and public administration. For cooperation it is necessary to define legibly roles of each of the parties and monitoring for use of the borrowed tools, it is necessary to differentiate responsibility and functions the international financial institutions and the state departments, in charge of exercise of cooperation with them on behalf of the state. Also state policy of cooperation of the Republic of Uzbekistan with the international financial institutions is important. A review of the interaction of Uzbekistan with the International Monetary Fund, the World Bank Group, the European Bank of Reconstruction and Development was conducted. The development of the economy and social sphere of the Republic of Uzbekistan for the years 2017–2018 was analyzed at the expense of all sources of financing.