Impact of Development Finance Institutions on Economic Growth: Implications for Reconstruction and Development Fund of Uzbekistan

Abstract

The International financial system has been increasingly supporting the economic growth in all economic groups of countries by offering a range of opportunities to push development paces. Establishment of financial development institutions is growth driving engine of both developed and developing countries through development-oriented projects and funding tools. However, developing economies are facing particular challenges in prioritizing the basic financing areas through the development of financial tools. This article analyses the impact of global development finance institutions on world economic growth and proposes policy and research-oriented recommendations for Reconstruction and Development Fund of Uzbekistan.