SCIENTIFIC FOUNDATIONS OF CREDIT SERVICES IN THE NEW UZBEKISTAN AND THE INVOLVEMENT OF FOREIGN EXPERIENCE

Abstract

This article examines the scientific foundations of credit services in the context of the New Uzbekistan and analyzes the role of foreign experience in improving national credit mechanisms. The study focuses on the transformation of the banking system, modernization of credit instruments, and strengthening of institutional frameworks. Special attention is given to international best practices in credit risk management, digital lending, and financial inclusion. Comparative analysis methods are used to identify effective models applied in developed and emerging economies. The research highlights the importance of adapting foreign experience to national economic conditions rather than direct replication. The article also explores regulatory reforms aimed at enhancing transparency and sustainability of credit services. Empirical and analytical approaches are applied to assess the impact of credit services on economic growth and entrepreneurship. The findings show that innovative credit technologies contribute to improved access to finance. The study emphasizes the role of state policy in supporting credit market development. Conclusions provide practical recommendations for improving credit services in Uzbekistan. The results are relevant for policymakers, researchers, and financial institutions. The article contributes to the theoretical and practical understanding of credit service development.