Features of Modern Commercial Banks in Reducing Poverty Through Creating Additional Jobs
Keywords:
Poverty reduction, commercial banks, new jobsAbstract
Poverty reduction is one of the most pressing issues of our time, which is an important condition for ensuring economic growth and social stability. This article analyzes the contribution of modern commercial banks to poverty reduction through the creation of additional jobs. In particular, the role of commercial banks in financing small and medium-sized businesses, providing microloans, expanding digital financial services, and supporting social projects in the experience of Uzbekistan is examined. The results of the study show that innovative approaches implemented by commercial banks are helping to achieve significant results in poverty reduction. At the same time, the need to improve financial infrastructure and expand technological modernization is emphasized.
References
Resolution of the President of the Republic of Uzbekistan. “Strategy for Poverty Reduction and Employment Creation” (2020). Official website of Prezident.uz.
Central Bank of the Republic of Uzbekistan. “Report on the Financial Activities of Commercial Banks in 2020–2023.” – Tashkent, 2023.
World Bank. “Global Poverty Report 2023.” Official website of the World Bank: www.worldbank.org.
Islamic Development Bank (IDB). "The Role of Commercial Banks in Poverty Alleviation: A Global Perspective." – Jeddah, 2022.
Statistics Committee of the Republic of Uzbekistan. “The Role of Small Business and Private Entrepreneurship in the Economy in 2023.” – Tashkent, 2023.
Development Strategy Center. "Development of Digital Financial Services in Uzbekistan." – Tashkent, 2022.
Kuznetsov, I.V. “The role of banking services in the development of small businesses and poverty reduction.” – Moscow: Finansy i Kredit, 2021.
Kadyrov, S. “Innovative banking services and their economic efficiency.” – Tashkent: Economics Publishing House, 2023.
Asian Development Bank (ADB). “Supporting SMEs Through Financial Innovation in Central Asia.” – Manila, 2021.
Muhammadiev, Z. “Issues of territorial inequality of financial services in Uzbekistan.” – Journal of Economics and Innovation, 2023, No. 4.
