ANTI-CRISIS MECHANISMS TO STRENGTHEN THE FINANCIAL RESILIENCE OF UZBEKISTAN’S AGRICULTURAL SECTOR: LIQUIDITY, DEBT AND SEASONAL CASH-FLOW GAP MANAGEMENT

Abstract

The agricultural sector of Uzbekistan is marked by heightened vulnerability
to shocks, as financial outcomes largely depend on the seasonality of the
production cycle, price volatility of inputs and outputs, and limited predictability
of cash flows. In this context, enterprise financial stability is determined not only
by profitability but also by the ability to manage liquidity, debt load, and seasonal
cash‑flow gaps, thereby preventing cash shortfalls and the accumulation of overdue
payables. This paper examines anti‑crisis mechanisms aimed at enhancing the
financial resilience of agribusinesses, with emphasis on building a liquidity buffer,
optimizing debt structure, and improving working capital management during
sowing, vegetative growth, and harvest periods. Practical measures discussed
include targeted liquidity planning, debt restructuring and hedging options,
seasonal financing instruments, stress‑testing cash flows, and early‑warning
systems to detect emerging liquidity stress