Karimova Zarina Muzafarovna

Annotation:

This article examines the use of escrow accounts in housing construction in the Republic of Tajikistan as a tool for improving the economic security of the construction industry. It analyzes the operating features of the escrow account mechanism, international experience with its application, and the advantages and limitations for key market participants— homebuyers and developers. Data on the current state and sources of financing for the construction sector in Tajikistan is presented. Particular attention is paid to the need to create a legal framework and institutional conditions for the implementation of escrow accounts at the national level. A successful pilot example of the escrow mechanism in the country's energy sector is provided, opening up opportunities for its further expansion into housing construction. The introduction of escrow accounts is viewed as an effective tool for increasing the transparency of financial transactions, protecting the rights of equity construction participants, and strengthening the economic security of the industry. Overall, the article confirms that the introduction of escrow accounts contributes to increased transparency of financial transactions, reduced risks, and increased trust in the construction industry.

Keywords: escrow accounts, housing construction, economic security, financial transparency, shared construction, investments, construction industry, international experience.