of May 18, 2019 No. 420
About the organization of activities of the Private equity fund of the Republic of Uzbekistan
For the purpose of the effective organization of activities of the Private equity fund of the Republic of Uzbekistan the Cabinet of Ministers decides:
1. Take into consideration that No. UP-5635 "About the State program on strategy implementation of actions in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021 in "Year of active investments and social development" are created by the Presidential decree of the Republic of Uzbekistan of January 17, 2019:
a) Private equity fund of the Republic of Uzbekistan (further - Fund) with the capital in the amount of 1 billion US dollars and the following main objectives:
attraction of direct foreign investments and innovative technologies in expansion of potential production, and also further increase in competitiveness of economy of the republic;
stimulation and development of investing activities by forming of long-term mutually advantageous partnership with private domestic and foreign investors;
assessment of investment offers, development and implementation of investment projects;
assistance to improvement of the investment climate, and also to broad promotion of investment potential and opportunities of the republic abroad;
b) managing company of Fund in the form of joint-stock company with 100 percent share of the state with the authorized capital in the amount of 5 million US dollars created by fund of reconstruction and development of the Republic of Uzbekistan.
2. Approve Regulations on the Private equity fund of the Republic of Uzbekistan according to appendix.
3. In two-month time together with the ministries and departments to provide to the ministry of investments and foreign trade of the Republic of Uzbekistan state registration of managing company of Fund.
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