Abstract
<jats:p>The article analyzes the economic significance and effectiveness of the use of external debt in financing infrastructure projects in Uzbekistan. The study examined the role of external debt resources in the development of energy, transport, utilities and water management infrastructure. It also analyzed the multiplier effect of infrastructure investments on economic growth, institutional problems in financing investment projects and opportunities for the effective use of external debt. The results of the study showed that improving investment assessment mechanisms, expanding public-private partnerships and effective management of the external debt portfolio are of great importance in financing infrastructure projects. These approaches will serve to increase the efficiency of the use of external debt and the sustainable development of the country's infrastructure</jats:p>