Ways of Integration of Commercial Banks of Uzbekistan Into The World Banking System

Abstract

This article describes Uzbekistan's integration into the global financial services industry in the development of the digital economy context: the legal framework for the activities of commercial banks, current issues in the implementation of these services in our country, and their solutions. Also, analyzing the relevant literature analyzes the scientific works of many foreign economists on forming integrated corporate structures by ensuring integration of the banking and financial system and industries. The results show that innovative lending services and introducing credit vacations for commercial banks are crucial to the development of the banking system of Uzbekistan.  Furthermore, useful ideas are presented to integrate Uzbekistan's banking sector with the international financial system.