Project Financing Practices and Risk Management Challenges in Commercial Banks: Evidence from Uzbekistan

Abstract

The expansion of investment activity in Uzbekistan has significantly increased the role of commercial banks in financing large-scale investment projects. In this context, project financing is becoming an important instrument for mobilizing long-term financial resources. However, the practical implementation of project financing in commercial banks is associated with a wide range of risks that require effective management mechanisms. This study aims to analyze project financing practices in Uzbek commercial banks and to identify key risk management challenges that limit the efficiency of project-based lending. The research emphasizes the need to adapt international project finance principles to national banking and institutional conditions.