Analysis of Foreign Credit Lines of Business Development Bank JSCB

This study examines foreign credit lines extended through JSCB “Business Development Bank” of Uzbekistan with participation from the World Bank, Islamic Development Bank (IsDB), and European Investment Bank (EIB). The research employs a comparative case study methodology to analyze the financial structures, sectoral allocation, institutional requirements, and risk characteristics of these credit facilities. The findings reveal significant differences across the three financing models: the World Bank credit line features the longest maturity (10 years) and lowest foreign currency interest rate (11.4%), with a strategic focus on agricultural diversification; the IsDB credit line offers the highest financing ceiling (USD 3 million) but operates under Sharia-compliant principles prohibiting interest-based transactions; the EIB credit line provides the most flexible sectoral applicability with a moderate interest rate (12.4%). International experience demonstrates that the effectiveness of credit lines depends critically on proper design, monitoring frameworks, and institutional capacity. The study contributes to the literature on development finance by providing a systematic comparative analysis of three distinct international financing models operating in the same national context. The findings offer practical insights for policymakers and financial institutions seeking to optimize the utilization of foreign credit resources for sustainable economic development.