Uzbekistan: Special Council to attract investment in the republic
The government of Uzbekistan established the interagency council for cooperation with international financial institutions, organizations and donor countries. The goal of new structure is to expedite the admission of Uzbekistan into world economic community, attract investment and strengthen trade relations with donor countries. The council staff will be represented by the government members, including key ministers.
Commenting this news, Alisher Shaykhov, the Head of Uzbek Chamber of commerce and industry, announced that the republic stepped into new level of economic development and in order to achieve set goals it is necessary to carry out constant monitoring of long term plans implementation for strengthening economic cooperation with partner countries.
The members of established Council are facing challenging task to improve the image of Uzbekistan before the potential investors. Today, they are already working on development of special offers on cooperation programs with leading international financial institutions such as Asian Development Bank, International Monetary Fund, major European banks and so on.
With the reference to Ilkhomzhon Niematov, the Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan in Russian Federation, Ferghana.Ru reported earlier that Uzbek government already estimated the volume of investment, to be attracted to the republic in post-crisis period, as well as developed the number of measures.
"This program consists of 300 various projects, targeted at the renovations in basic industries of the economy: the development of innovation technologies, equipped with new technological know-how– the Ambassador said. – Overall, we need 24.5 billion US dollars. 8.5 billion US dollars will be supplied by the companies themselves. 2.5 billion US dollars will be borrowed from the Foundation for reconstruction and development that was established by the President’s initiative five years ago. We also plan to attract 13 billion US dollars in the form of foreign investment and loans".
Presumably, the new agency will be responsible for the attraction of above-mentioned funds.