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Shavkat Mirziyoyev ordered the introduction of a new procedure for the formation and financing of state development programs

The president will approve development programs for the sectors of economy and regions. This follows from the Resolution of the President of the Republic of Uzbekistan "On introducing a new procedure for the formation and financing of state development programs of the Republic of Uzbekistan."

In accordance with the resolution, the country implements the procedure for the implementation of projects, including the development of regions and sectors of the economy, financed from centralized sources, on the basis of state development programs of the Republic of Uzbekistan, approved by the President of the Republic of Uzbekistan.

For their financing, the Fund for Financing Government Development Programs of the Republic of Uzbekistan is established under the Cabinet of Ministers of the Republic of Uzbekistan. The Executive Director of the Foundation is the Deputy Prime Minister of the Republic of Uzbekistan - Head of the Complex for Investment, Innovative Development, Coordination of Free Economic and Small Industrial Zones, and Tourism.

The sources of the Fund's funds are as follows:

- state budget funds of the Republic of Uzbekistan and state extra-budgetary funds intended for financing projects included in state development programs;

- financial actives of the Fund for Reconstruction and Development of the Republic of Uzbekistan, allocated for the implementation of state development programs;


- foreign loans attracted under the guarantee of the Government of the Republic of Uzbekistan;

- other sources established by decisions of the Government of the Republic of Uzbekistan.

State development programs will be formed on the basis of sectoral, regional and targeted portfolios of projects approved in accordance with relevant development concepts containing a comprehensive vision and strategic objectives for implementing priority directions for sectoral, regional and targeted socioeconomic development of the Republic of Uzbekistan in the long term, on 10-15 years.

Coordination of work on the development and implementation of state development programs is carried out by the State Committee for Investments jointly with the Ministry of Economics under the leadership of the Deputy Prime Minister of the Republic of Uzbekistan, Head of the Complex for Investment, Innovative Development, Coordination of Free Economic and Small Industrial Zones, and Tourism.
Non-centralized investments intended for financing state development programs are subject to accounting in the Fund. At the same time, approval of state development programs will be carried out only if there is a positive opinion of the National Agency for Project Management under the President of the Republic of Uzbekistan.

The inclusion of projects in government development programs that provide funding from centralized sources is carried out only if there is a positive decision of the Fund's Supervisory Board.

Credits of commercial banks for financing state development programs are provided after a thorough and comprehensive study of project design documents and business plans of projects, as well as the positive decision of the commercial bank's credit committee.
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