Uzbekistan to establish Government Commission on effective implementation of investment projects

The draft presidential decree “On the establishment of a Government Commission on the development of the export potential of regions and industries and the effective implementation of investment projects” has been announced.

The main tasks of the Government Commission are as follows:

a) dealing with the issues of developing the export potential of the regions and industries;
b) ensuring the effective implementation of investment projects;
c) studying the “roadmaps” adopted for the implementation of documents signed during high-level visits;

The Government Commission, led by Sardor Umurzakov, will be authorized to carry out the followings:

- changing forecast indicators on a quarterly basis in case of changes in prices and demand in the world and domestic markets, production balances;

- introducing amendments, additions and changes to certain parts of the Investment Program of Uzbekistan;

- introducing amendments and additions to the trade-economic items of the “roadmaps” adopted for the implementation of the documents signed during high-level visits, as well as cooperation programs and “roadmaps” with the IFI/ILO (except for projects that increase public external debt).