The Sovereign Debt of Uzbekistan: Influences of International Financial Institutes on Economic Development

Abstract

The study delves into the impact of expansive fiscal policies by the government on economic health, emphasizing the management of public debt. It aims to explore strategies for optimizing public debt management to decrease poverty and foster sustainable growth. A systematic review methodology was applied, encompassing a broad literature review from scholarly databases and credible sources, focusing on expansive fiscal policies, management of public debt, and poverty alleviation strategies. The analysis incorporated extracting and synthesizing data to discern patterns and impacts of public debt on poverty reduction. The investigation uncovered key facets of public debt management and its significant role in poverty alleviation. It examined various dimensions such as external and internal debts, their balances, government guarantees, digital economy's role, and public-private partnerships, underscoring expansive fiscal policy's critical role in encouraging private sector growth and public debt's sustainability. The research offers recommendations to refine public debt composition to bolster poverty reduction efforts, highlighting the necessity for adept management strategies in achieving sustainable development. By leveraging expansive fiscal policies and considering critical factors like external and internal debt, balances, and public-private partnerships, policymakers can make informed decisions to mitigate poverty and stimulate economic growth.