PROSPECTS FOR THE DEVELOPMENT OF THE DEPOSIT PROTECTION AGENCY IN KYRGYZSTAN

Abstract

This article examines some of the problems and prospects for the development of the Deposit Protection Agency in Kyrgyzstan. Research objectives: to reveal the relevance of the deposit protection fund, to identify the advantages and disadvantages of automating the process of paying compensation to depositors. Materials and methods of the research: a SWOT analysis of deposit insurance in Kyrgyzstan is conducted. Research results: implementation of an economic assessment during the implementation of directions and development of proposals for improving the work of the Deposit Protection Agency. Conclusions: The establishment of an independent Deposit Protection Agency and the actual implementation of the deposit protection system in the Kyrgyz Republic clearly demonstrate the timeliness and importance of the measures taken to further increase public confidence in the banking system and ensure financial and social stability in the country against the backdrop of external challenges associated with the financial crisis in the world.