RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of March 27, 2024 No. PP-140

About measures for project implementation "Recovery of steady forest landscapes in Uzbekistan" with participation of International Development Association

For the purpose of recovery of steady forest landscapes and effective management of forest resources in the republic, and also consecutive continuation of measures for support of green economy:

1. Take into consideration that:

within the Agreement on financing signed on April 10, 2023 between the Republic of Uzbekistan and International Development Association for project implementation "Recovery of steady forest landscapes in Uzbekistan" (further - the Project) borrowed funds in the amount of 142 million US dollars for a period of 30 years, including five-year grace period, and also grants in the amount of 11 million US dollars within the grant agreements signed by the Republic of Uzbekistan with PROGREEN Trust fund and KWPF Fund of the Republic of Korea are raised;

the total cost of the Project constitutes 205, 45 million US dollars, including share of the Republic of Uzbekistan in the Project - 52, 45 million US dollars;

the period of project implementation constitutes 6 years (2023 - 2028).

2. Determine that:

The ministry of ecology, environmental protection and climate change and forestry Agency are the executive bodies responsible for timely and complete realization, coordination and project management, target and effective use of the raised borrowed funds and grants, and also conducting monitoring and the reporting during project implementation, timely return of borrowed funds;

under forestry Agency the Project implementation team "Recovery of steady forest landscapes in Uzbekistan" (further - the Project implementation team) with participation of International Development Association with the status of the legal entity is created;

during project implementation the expense budget and the staff list of the Project implementation team annually affirm the Ministry of ecology, environmental protection and climate change in coordination with the Ministry of Economics and finance.

3. Approve:

Technical and economic parameters of the "Recovery of Steady Forest Landscapes in Uzbekistan" project according to appendix No. 1 *;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info