This article analyzes the strategies for integrating derivative financial instruments (futures, options, swaps) into Uzbekistan's economic policy. It highlights the contribution of derivatives to financial stability, risk management, and the deepening of the capital market. Based on the current legislative framework, infrastructure, and level of financial literacy in the country, the stages of their implementation into the economic system are reviewed. The article also offers integration strategies based on international experience, regulatory approaches, and forward-looking recommendations.

derivatives, financial instruments, economic policy, capital market, futures, options, swaps, integration, Uzbekistan

International Monetary Fund. (2022). Financial Instruments and Markets in Emerging Economies. Washington, DC: IMF.

Asian Development Bank. (2023). Uzbekistan Capital Market Development Report. Manila: ADB. https://www.adb.org/

International Organization of Securities Commissions (IOSCO). (2021). Derivatives Market Practices and Oversight. IOSCO Publications. https://www.iosco.org/

Ministry of Finance of the Republic of Uzbekistan. (2023). Regulations on Capital Market Infrastructure. Tashkent. https://www.mf.uz/

World Bank. (2022). Deepening Capital Markets in Central Asia: Policy Tools and Priorities. Washington, DC. https://www.worldbank.org/

Singapore Monetary Authority. (2021). Derivatives in Economic Strategy: Experience of Singapore. Singapore.