Thursday, 26, April, 2018

On December 20, 2017, Shavkat Mirziyoyev signed Measures to Further Enhance Effectiveness of Cooperation with International and Foreign Financial Institutions Decree.

Mirziyoyev appointed the Committee for Investments responsible for centralized interaction with financial institutions (Governor’s office).

Deputy PM Sukhrob Holmurodov has been appointed as Governor for centralized interaction with the Asian Development Bank, Asian Bank for Infrastructure Investments, the World Bank Group, the Islamic Development Bank Group, the European Bank for Reconstruction and Development and other financial institutions, and  Chairman of the Investments Committee will be his deputy.

Uzbekistan’s Central Bank shall be responsible for centralized interaction with the International Monetary Fund (Governor’s office), the document says.

Deputy PM/Minister of Finance Jamshid Kuchkarov has been appointed the Governor for centralized interaction with the International Monetary Fund, with  the Central Bank’s Chairman assigned as his deputy.

The President of Uzbekistan entrusted the Governor’s offices to cooperate with relevant financial institutions and prepare proposals on priority areas, "road maps" and cooperation programs with financial institutions, as well as the most effective use of borrowed, loan and grant funds from financial institutions for the development of industries and territories.

Governor’s offices shall prepare recommendations on effective use of borrowed, loan and grant funds of financial institutions, as well as monitor the progress of foreign investments projects.

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