Uzbekistan introduces new procedure for financing state development programs
By Trend
Uzbek President Shavkat Mirziyoyev has adopted a resolution on the introduction of a new procedure for financing the state development programs.
According to the document, Uzbekistan implements the procedure for the implementation of projects, including the development of regions and sectors of the economy, financed on the basis of state development programs approved by the president.
The Fund for Financing State Development Programs of the Republic of Uzbekistan will be established under the Cabinet of Ministers.
The projects, included in the state development programs, will be financed exclusively through the Fund. Its funds are accumulated on the accounts in the Central Bank of the Republic of Uzbekistan.
Executive Director of the Fund is 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 State Investment Committee of the Prime Minister of the Republic of Uzbekistan coordinates the work on development and implementation of state development programs.
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