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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of May 14, 2019 No. UP-5717

About measures for transition to qualitatively new system of forming and realization of the Investing program of the Republic of Uzbekistan

(as amended of the Presidential decree of the Republic of Uzbekistan of 18.08.2020 No. UP-6042)

Timely and high-quality implementation of the investment projects provided by the Investing program of the Republic of Uzbekistan for 2019 is the most important factor of social and economic development of the country, creation of new production capacities and workplaces, enhancement of infrastructure and improvement of the territories, increases in welfare of the population.

At the same time the analysis of the state of affairs in this sphere showed availability of the separate system shortcomings interfering timely and full implementation of investment projects, attraction and development of investments.

In particular, the operating system of forming of the Investing program of the Republic of Uzbekistan does not provide step-by-step preparation of perspective investment projects, timely development of the project documentation that leads to delay of opening of financing, application of funds and, as a result, input of capacities. In process of development and monitoring of realization of investing programs the advanced information and communication technologies are not implemented.

For the purpose of implementation of qualitatively new system of forming of investing programs, ensuring unconditional, timely and high-quality execution of the Investing program of the Republic of Uzbekistan for 2019, implementation of effective mechanisms of monitoring of investment projects, investment attraction in industries of economy and the social sphere, strengthening of the personal responsibility of heads of state bodies, organizations and hokim of all levels in this sphere:

1. Determine that since 2020 the Investing program of the Republic of Uzbekistan is created for the three-year period with annual refining and updating of its main indicators based on the approved concepts and development programs of industries and regions, decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan.

2. Approve the scheme of forming of the project of the Investing program of the Republic of Uzbekistan for 2020 - 2022 (further - the Program) according to appendix No. 1.

Determine that:

a) The ministry of investments and foreign trade of the Republic of Uzbekistan is authorized body on forming of the Program, including address list of the investment projects financed by means of the international financial institutions and foreign government financial institutions (further - MFI/IPFO), Fund of reconstruction and developments of the Republic of Uzbekistan, direct foreign investments and other not centralized sources, and also to monitoring and control of program implementation in general;

b) Ministry of Economy and Industry of the Republic of Uzbekistan:

is authorized body on forming of the address list of the investment projects financed by budgets of budget system in coordination with the Ministry of Finance of the Republic of Uzbekistan, and also to introduction in it of amendments and updates, monitoring and control of their realization;

till June 25, 2019 represents to the Ministry of investments and foreign trade of the Republic of Uzbekistan for the code of the draft of the Program the address list of projects provided by the paragraph the second this subitem, taking into account providing associativity of sources, capacities and placement of the offered projects approved in accordance with the established procedure with initiators of projects;

c) The Ministry of Finance of the Republic of Uzbekistan provides timely representation of the forecast limits allocated for implementation of investment projects and also completeness of financing of projects at the expense of centralized sources;

d) The Ministry of Foreign Affairs together with diplomatic representations of the Republic of Uzbekistan abroad assists the Ministry of investments and foreign trade of the Republic of Uzbekistan, industries and regions in involvement of potential foreign investors for implementation of the investment projects included in the draft of the Program;

e) state bodies and the organizations, executive bodies on places - initiators of projects (further - initiators of projects) provide in the part concerning timely development of the address list of investment projects, their representation for inclusion in the draft of the Program, high-quality preparation of network schedules and the project documentation, and also unconditional and high-quality accomplishment of all actions for implementation construction, commissioning, development in full of means and input of production capacities.

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