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;

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