RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of July 5, 2023 No. PP-211

About measures for project implementation "Development of the sector of livestock production (the 2nd stage)" with participation of International Development Association and International Bank for Reconstruction and Development

For the purpose of active implementation of the advanced foreign technologies in the field of cultivation and conversion of animal production, strengthening of material and technical resources and building-up of potential production of farms and agricultural organizations, and also further cooperation increase with the World Bank:

1. Take into consideration that:

a) On June 1, 2023 between the Republic of Uzbekistan and International Development Association (further - MAR), and also the International Bank for Reconstruction and Development (further - IBRD) on the "Development of the Sector of Livestock Production (2nd Stage)" project (further - the Project) signed agreements on allocation:

loan of MAR in the amount of 150 million US dollars for the term of 30 years, including grace period - 5 years;

the credit of IBRD in the amount of 90 million US dollars for the term of 24,5 of year, including grace period - 4,5 of year;

b) the total cost of the Project constitutes 323, 78 million US dollars, from them contribution of the Republic of Uzbekistan - 83, 78 million US dollars, including:

means in equivalent of 40 million US dollars - contribution of participants (beneficiaries) of the Project;

means in equivalent 43, one million US dollars - contribution of the Republic of Uzbekistan to covering of finance costs of the Project to the investment period, including means in equivalent 28, 63 million US dollars - in the form of tax and customs payments, means in equivalent 15, 15 million US dollars - in payment method of finance costs during the investment period.

2. Determine that:

the tax amount on value added which is formed within project implementation is paid at the expense of means of business entities or compensated at the expense of means of the republican budget of the Republic of Uzbekistan according to the procedure, established by the legislation;

The committee of veterinary science and development of livestock production under the Ministry of Agriculture is the executive body responsible for timely and complete project implementation, its coordination and management, and also conducting monitoring and the reporting during project implementation;

functions on control of the credit line, ensuring timely development and target use of the raised funds, and also conducting monitoring and the reporting under realization of subprojects are assigned to the commercial banks of the Republic of Uzbekistan which are taking part in the Project;

the project deadline constitutes 5 years (2023 - 2028);

The committee of veterinary science and development of livestock production under the Ministry of Agriculture is in accordance with the established procedure allowed to create under Committee the Project implementation team "Development of the sector of livestock production (the 2nd stage)" with participation of MAR and IBRD with the status of the legal entity;

during project implementation the expense budget and the staff list of the Project implementation team are annually approved with the Ministry of Economics and finance.

3. Establish procedure according to which:

to the financial organizations which are taking part in the Project, the loans are granted in Uzbekistan sum and US dollars;

the expenses arising because of Uzbekistan sum exchange rate fluctuation in relation to US dollar (further - currency risks), are compensated at the expense of the republican budget of the Republic of Uzbekistan;

within the Project the credits allocated to the financial organizations which are taking part in the Project, in national currency are provided at the main rate of the Central bank.

4. Approve:

The key technical and economic parameters of the Feasibility statement on the "Development of the Sector of Livestock Production (2nd Stage)" project according to appendix No. 1;

The scheme of use of the credit of the International Bank for Reconstruction and Development and loan of International Development Association on the "Development of the Sector of Livestock Production (2nd Stage)" project according to appendix No. 2;

The forecast schedule of use and repayment of loan of International Development Association, and also payment of the commission and interest payments on it within the "Development of the Sector of Livestock Production (2nd Stage)" project according to appendix No. 3;

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