The article studies the tendency of the international financial institutions (IFIs) to finance through national commercial banks acting financial intermediaries. The mechanisms of interaction (targeted credit facilities, risk-sharing agreements, direct capital participation) is reviewed on the example of the activities of the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the International Finance Corporation (IFC) and the Islamic Development Bank (IDB) in the Republic of Uzbekistan from 2001 to 2026.
