RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of December 20, 2017 No. PP-3439

About measures for further increase in efficiency of cooperation with the international and foreign financial institutions

In the country the cooperation with the international and foreign financial institutions (further - financial institutions) on projects implementation, aimed at the accelerated social and economic development of the country dynamically develops.

At the same time, further enhancing cooperation with financial institutions is interfered by lack of accurate differentiation of powers and duplication of functions of separate state bodies in this sphere.

The organization of work on attraction and use of borrowed, credit and grant funds by Interdepartmental council for cooperation with the international financial institutions, the organizations and the donor countries, implementation of large and strategically important investment projects under the Cabinet of Ministers of the Republic of Uzbekistan reduces responsibility and initiative of authorized state bodies, leads to excessive bureaucratic procedures and costs.

For the purpose of creation of the effective and meeting the modern requirements system of coordination of activities for attraction of borrowed, credit and grant funds, to forming of favorable conditions for cooperation with the leading financial institutions:

1. Appoint from the Republic of Uzbekistan:

authorized body on centralized interaction with the international financial institutions, except for the International Monetary Fund, (office of the managing director) - the Ministry of investments, the industry and trade;

authorized body on centralized interaction with the International Monetary Fund (office of the managing director) - the Central bank;

the managing director on centralized interaction with the European Bank for Reconstruction and Development - the head of Administration of the President of the Republic of Uzbekistan S. U. Umurzakov;

the managing director on centralized interaction with Asian Development Bank and the International fund of agricultural development - the deputy prime minister of the Republic of Uzbekistan Zh. A. Hodzhayev;

operating on centralized interaction with Group of the World Bank and the International Monetary Fund - the deputy prime minister of the Republic of Uzbekistan D. A. Kuchkarov;

operating on centralized interaction with Group of Islamic development bank and the Asian Infrastructure Investment Bank - the minister of investments, the industry and trade L. Sh. Kudratov;

the deputy manager on centralized interaction with the European Bank for Reconstruction and Development and Group of the World Bank - the CEO of the Agency of strategic reforms in case of the President of the Republic of Uzbekistan Sh. A. Vafayev;

the deputy manager on centralized interaction with the International Monetary Fund - the chairman of the Central bank M. B. Nurmuratov;

the deputy manager on centralized interaction with Asian Development Bank, the Asian Infrastructure Investment Bank, Group of Islamic development bank and the International fund of agricultural development - the deputy minister of investments, the industry and trade S. A. Hamidov.

2. Assign to offices of managing directors:

implementation of interaction with the relevant financial institutions;

development of offers on the priority directions, "road maps" and programs of cooperation with financial institutions, and also to the most effective use of the raised borrowed, credit and grant funds of financial institutions for development of industries of economy, regions of the republic;

coordination of activities of the ministries and departments responsible for projects implementation with participation of financial institutions, project implementation teams, bodies of examination, including control of timely provision of expert opinions according to project, tender and contractual documentation;

development of recommendations about effective use of the raised borrowed, credit and grant funds of financial institutions;

carrying out monitoring of the project progress with participation of foreign investments;

submission on quarterly basis to the Cabinet of Ministers of the Republic of Uzbekistan of status reports of program implementation of cooperation with financial institutions;

participation in preparation, coordination and signing in accordance with the established procedure international treaties of the Republic of Uzbekistan with financial institutions concerning investment cooperation;

study and approval of schedules of working meetings of missions of financial institutions;

the organization of holding the international conferences, seminars, investment forums in the Republic of Uzbekistan and abroad with participation of representatives of financial institutions.

3. Give offices of managing directors the right:

approve the schedules of working meetings of missions of financial institutions obligatory for observance by the ministries and departments;

sign in the course of interaction with financial institutions on behalf of the Republic of Uzbekistan correspondence, memorandums, protocols and other documents necessary for accomplishment of the assigned tasks;

request and receive in accordance with the established procedure from bodies of the public and economic board information which is within the competence of office of the managing director;

introduce in the Cabinet of Ministers of the Republic of Uzbekistan, if necessary, offers on acceleration of holding competitive procedures, terms of examination of the project and tender documentation, when ensuring its high quality, and also about funds redistribution of financial institutions in coordination with them, between components of the corresponding projects;

in coordination with the Cabinet of Ministers of the Republic of Uzbekistan to approve permanent representatives of the Republic of Uzbekistan at financial institutions and to dismiss them;

hear reports of officials of the ministries, departments and project implementation teams responsible for projects implementation with participation of financial institutions, to develop measures for ensuring timely and their effective realization with the invitation of contractors of projects.

4. Establish procedure according to which heads of the project implementation teams realized with financial institutions are appointed and dismissed by heads of the ministries and departments responsible for projects implementation, in coordination with office of the managing director.

6. Authorize the Prime Minister of the Republic of Uzbekistan A. N. Aripov to direct on behalf of the Republic of Uzbekistan letters powers to financial institutions concerning the approved managing directors and deputy managing directors.

7. To provide to the ministry of investments and foreign trade and the Central bank of the Republic of Uzbekistan:

in two-month time development of regulations and full functioning of offices of the managing director;

timely publication of lists of projects of financial and technical assistance of financial institutions on the official website, carrying out system work on attraction of loans, the credits and grants of financial institutions;

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