RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of August 12, 2024 No. PP-287

About additional measures for support of small and medium business, development of service and tourism in the Bukhara region

For the purpose of improvement of infrastructure for subjects of entrepreneurship, further expansion of tourist services, financial support of business activity for increase in the income and employment of the population in the Bukhara region:

1. To fund of reconstruction and development to allocate to the Ministry of Economics and finance non-interest loan in the amount of 100 million US dollars for the term of 5 years, including two-year grace period.

2. Determine that the means provided in Item 1 of this resolution are allocated with the Ministry of Economics and finance for financing of projects in the Bukhara region in the directions according to appendix No. 1 * with the following provisions:

allocation of interest-free means in the amount of 60 million US dollars for the term of 5 years, including two-year grace period, for financial support of projects of small and medium business, service and tourism on the basis of development programs of family entrepreneurship, and also the procedure and mechanisms determined by the Presidential decree of the Republic of Uzbekistan of November 10, 2023 No. UP-193 and the resolution of the President of the Republic of Uzbekistan of September 14, 2023 No. PP-306, to commercial banks and JSC Company of Development of Entrepreneurship;

allocation of non-interest budget advance in the amount of 40 million US dollars for the term of 5 years, including two-year grace period, according to reasonable calculations of khokimiyat of the Bukhara region for financing of infrastructure projects.

Provide to the deputy prime minister D. A. Kuchkarov power on redistribution of the allocated funds by the directions proceeding from actual demand.

3. Create the working group on improvement of infrastructure of entrepreneurship and coordination of financing of projects in the Bukhara region in structure according to appendix No. 2 * and to assign to it the following tasks:

forming of the address list of infrastructure projects on the basis of master plans;

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