The role of innovative technologies in the development of the economy of uzbekistan

participants' ability to sustain themselves without considering 
guarantees from third parties for loan repayment. Another form of 
investment financing can be viewed as a source for debt repayment. 
This type of financing, the third category, relies on cash flows 

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generated from project implementation and enterprise assets as loan 
collateral. The fourth type of project financing is based on the 
economic and technical viability of the enterprise [3]. 
We acknowledge that the effective implementation of 
innovation projects is crucial in reducing product costs in economic 
sectors, enhancing labor productivity, improving product quality, and 
ensuring the overall competitiveness of the economy. 
In global practice, project financing often refers to a type of 
financing arrangement where the proceeds from the project's sale 
serve as the sole source of debt repayment. However, the 
interpretation of the term "project financing" varies across countries. 
For instance, in the United States, it is understood that financing is 
primarily organized using the founder's personal funds, with the income 
from the project's sale being the sole means of debt repayment. 
In Europe, the term encompasses different options and methods 
for providing financial resources required for project implementation. 
Subsequently, "project financing" refers to a system of financial and 
commercial operations involving loans from banks, budgetary 
support, assistance from various state organizations, investment funds, 
insurance companies, and other interested investors [1] 
The interconnectedness between Uzbekistan's economic 
situation and innovation can be observed in several main aspects. 
Firstly, innovation activity impacts the overall national economy, 
serving as its material foundation. Secondly, it can be analyzed as a 
distinct market entity to evaluate its influence on specific enterprises. 
Lastly, the socio-economic outcomes of implementing innovation 
policies are studied. 
Amidst the ongoing modernization of Uzbekistan's economy, 
innovations are crucial for sustainable growth. Investing in new 
technologies facilitates the production of competitive consumer 
goods with high demand. 
The innovation policy serves as a significant instrument for 
influencing the country's economy and the business activities of 
economic entities. It is considered a vital component of the state's 
economic policy, enabling direct influence on production rates, 
acceleration of scientific and technological progress, changes in the 
structure of social production, and the resolution of social issues. 
In conclusion, let's briefly highlight a number of key activities and 
measures for the establishment and further development of an 

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innovative economy in the Republic of Uzbekistan: [Remaining part of 
the text is missing, please provide the missing content.] 
- To study all the technological knowledge and innovations 
needed from developed countries and gradually apply them to the 
branches of the republic's economy, taking into account our national 
interests. 
- The attraction of investors and foreign capital to domestic 
innovative projects is of paramount importance. 
- Organizing a knowledge base dedicated to technological 
innovations and making it accessible to all citizens through an Internet 
portal. 
- Developing innovation and ensuring the reliable protection of 
intellectual property to transform achievements in this field into high-
value-added products.