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The document ceased to be valid since  April 18, 2020 according to Appendix 2 to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of January 16, 2020 No. 30

RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of June 8, 2009 No. 156

About additional measures for support of the export companies due to allocation of soft credits by commercial banks on replenishment of current assets

For the purpose of ensuring execution of Item 1.5 of the Program of measures for support of the companies of key branches of real production sector, to ensuring their stable work and increase in the export potential approved by the Presidential decree of the Republic of Uzbekistan of November 28, 2008 N UP-4058, and also additional stimulation of activities of the export companies due to allocation of soft credits by commercial banks on replenishment of current assets the Cabinet of Ministers decides assistance to employment increase of the population and creation of new workplaces:

1. Approve:

structure of Subgroup on consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks (further - Subgroup) according to the appendix N 1;

Provisional regulations for procedure for consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks according to the appendix N 2.

2. Determine the main objectives of Subgroup:

coordination of activities for allocation by commercial banks to the export companies of soft credits on replenishment of current assets at the expense of own and raised funds (except for the target funds allocated for increase in capitalization of banks according to acts of the President of the Republic of Uzbekistan);

rendering assistance to the export companies in receipt of soft credits of commercial banks on replenishment of current assets for commodity export implementation (works, services).

3. To subgroup (Ganiyev) quarterly to submit information on the done work for consideration of the Working group on monitoring and control of the course of program implementation of measures for support of the companies of key branches of real production sector, to ensuring their stable work and increase in the export potential.

4. Make changes to the Provisional regulations for procedure for consideration of questions of ensuring credit support of the companies and investment activity in the sphere of real production sector approved by the resolution of the Cabinet of Ministers of December 31, 2008 N 288, according to the appendix N 3.

5. Recommend to the Central bank together with commercial banks in two weeks to bring departmental normative and internal acts into accord with this resolution.

6. To impose control of execution of this resolution on the First Deputy Prime Minister of the Republic of Uzbekistan Azimov R. S.

 

Prime Minister

Republic of Uzbekistan Sh. Mirziyoyev

Appendix No. 1

to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of June 8, 2009 No. 156

Structure of Subgroup on consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks

Ganiyev E. M. - Minister of Foreign Economic Relations, Investments and Trades, head of subgroup

Abdukarimov P.M. - vice-chairman of the Central bank, deputy manager of subgroup

Hayrullayev Sh. Sh. is the First Deputy Chairman of the State Customs Committee

Fayzullayev Sh. N. is the deputy minister of economy

Mirzayev M. M. is Deputy Minister of Finance

Note. Upon transition of members of Subgroup to other work to its structure persons who are again appointed to these positions, or faces to whom accomplishment of the corresponding functions is assigned join.

Appendix No. 2

to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of June 8, 2009 No. 156

Provisional regulations for procedure for consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks

I. General provisions

1. These Provisional regulations determine procedure for consideration of questions of allocation by commercial banks to the export companies of soft credits on replenishment of current assets at the expense of own and raised funds (except for the target funds allocated for increase in capitalization of banks according to acts of the President of the Republic of Uzbekistan).

2. For the purposes of these Provisional regulations the following basic concepts are used:

Working group - the Working group on monitoring and control of the course of program implementation of measures for support of the companies of key branches of real production sector, ensuring their stable work and increase in the export potential created by the Presidential decree of the Republic of Uzbekistan of November 28, 2008 N UP-4058;

Subgroup - Subgroup on consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks;

borrowing facilities - the means of commercial banks created at the expense of own and raised funds (except for the target funds allocated for increase in capitalization of banks according to acts of the President of the Republic of Uzbekistan), provided on preferential basis at the rate which is not exceeding 70 percent from refunding rate of the Central bank;

working body - the Ministry of Foreign Economic Relations, Investments and Trades of the Republic of Uzbekistan (further - MVESIT);

the export company - the company registered as the legal entity in the territory of the Republic of Uzbekistan, performing or providing commodity export (works, services) of own production;

bank - the commercial bank representing to the export company the credit.

3. Allocation of borrowing facilities is performed, as a rule, with the term of issuance of credit - to 12 months.

Allocation of the credits to the export companies not relevant to requirements of these Provisional regulations, is performed according to domestic credit policy of banks in the procedure established by the legislation.

II. Main functions of Subgroup

4. Within accomplishment of the assigned tasks the Subgroup performs the following functions:

control of timely consideration by the relevant ministries, departments of the credit documentation of the export companies at the scheduled time;

consideration of documentation of the export companies on receipt of borrowing facilities;

preparation of offers on implementation of measures for elimination of the factors interfering expansion of credit activity of banks and receipt of borrowing facilities by the export companies.

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