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APPENDIX No. 1
to the
resolution of the President of the Republic of Uzbekistan dated July 24, 2008 No. RP-927
APPENDIX No. 1
to the
Regulation on the procedure for attracting and developing foreign investments and loans
APPENDIX No. 1a
to the
Regulation on the procedure for attracting and developing foreign investments and loans
APPENDIX No. 2
to the
resolution of the President of the Republic of Uzbekistan dated July 24, 2008 No. RP-927

I. Interaction at the stage of formation of the Investment Program

Project initiators (ministries, departments, business associations, business entities, local authorities)

1. Development of draft programs for the development, modernization, technical and technological re-equipment of enterprises in industries and regions.

2. Timely and high-quality preparation of investment proposals and the necessary documentation for initiated investment projects.

3. Submission to the Ministry of Economy of the necessary documents for inclusion of investment projects in the Investment Program.


State Competition Committee

1. Submission to the Ministry of Economy of the necessary documents for inclusion in the Investment Program of proposals for investment by a foreign investor in privatized objects, in accordance with the obligations assumed.

2. Submission to the State Investments Committee of the list of privatized objects and state assets, providing for the attraction of potential foreign investors.


Ministry of Economy

1. Consideration of investment proposals of investors and the organization of the development of the Investment Program.

2. Formation of a portfolio of investment proposals proposed for implementation with the participation of the IFEI and FGFO.

3. Providing the State Committee for Investments with a list of proposals for attracting foreign investment and loans.

4. Submission of the Investment Program for approval by the Cabinet of Ministers.


State Committee of the Republic of Uzbekistan for Investments (State Investment Committee)

1. Formation and constant updating of a single database of investment proposals to attract foreign investment and loans.

2. Assisting and coordinating the activities of government bodies and initiators of projects to attract and develop foreign investments and loans, and to draw up agreements reached.


Information and Analytical Departments of the Cabinet of Ministers (CAD)

1 Conducting a comprehensive analysis and examination of the proposed projects of the Investment Program, sectoral development programs, modernization programs, technical and technological re-equipment of enterprises.

2. Coordination of the development of cooperation programs with the IFEI and FGFO in matters of attracting foreign investment and loans.


Cabinet of Ministers

Approval of the Investment Program, medium-term sectoral and regional programs for the development, modernization, technical and technological re-equipment of enterprises.


II. Interaction at the stage of implementation of the Investment Program

State Investment Committee

1. Bringing to potential foreign investors and creditors information on investment proposals proposed for implementation.

2. Summarizing and analyzing the proposals of foreign investors and creditors, sending them to the initiator, the Ministry of Economy, the Ministry of Finance, the Fund for Reconstruction and Development.

3. Conclusion on behalf of the Government of an investment agreement with a foreign investor in cases established by law.


Project initiators

1. Registration and signing of agreements with foreign investors and creditors.

2. Development of a network schedule for the implementation of the project, coordination with the Ministry of Economy and the State Committee for Investments.

3. Ensuring effective and timely implementation of projects, targeted use of attracted foreign investments and loans, timely repayment of obligations on external borrowing.


IAD Cabinet

Approval of network project implementation schedules.


State Competition Committee

Consideration of foreign investors' appeals on proposed state assets for sale, preparation and submission of proposals according to the established procedure for the conditions for the possible conclusion of government assets purchase and sale transactions with investment obligations.


Ministry of Finance

Drawing up financial agreements on behalf of the Republic of Uzbekistan or issuing guarantees of the Republic of Uzbekistan on the basis of relevant decisions of the Government.


Cabinet of Ministers

Approval of the PFS / PFC and FSJER investment projects.



III. Monitoring the implementation of projects involving foreign investment and loans

Ministry of Economy

Monitoring the implementation of projects included in the Investment Program, for the timely commissioning of facilities, achievement of feasibility studies and the level of capacity utilization for completed projects.


State Competition Committee

Monitoring of timely fulfillment by foreign investors of the accepted investment obligations under the concluded agreements.


Ministry of Finance

Keeping records and monitoring the development of funds raised on behalf of or under the guarantee of the Republic of Uzbekistan, timely fulfillment of obligations on guarantees issued on behalf of the Republic of Uzbekistan.


State Investment Committee

Monitoring of the opening of financing and timely fulfillment of obligations by foreign investors and creditors, development of foreign investments and loans.


Cabinet of Ministers

Monthly review at the meetings of the Presidium of the implementation of projects involving foreign investment and loans included in the Investment Program.

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