THE ROLE OF INTERNATIONAL FINANCIAL ORGANIZATIONS IN TIMES OF CRISIS ( IMF, WORLD BANK, ETC)

Abstract

This study examines the role of international financial organizations (IFOs), particularly the International Monetary Fund and the World Bank, in shaping economic growth in Central Asian transition economies. Using panel data for Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan over the period 2000–2023, the research evaluates how external financial assistance and macroeconomic conditions influence GDP growth. A fixed effects panel regression model with robust standard errors is employed, supported by descriptive statistics, correlation analysis, and Im–Pesaran–Shin panel unit root tests to ensure data stationarity.