RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of December 31, 2008 No. 290

About additional measures for financial and credit support of the export companies

For the purpose of ensuring execution of Item 1.6 of the Program of measures for support of the companies of key branches of real production sector, to ensuring their stable work and increase in the export potential approved by the Presidential decree of the Republic of Uzbekistan of November 28, 2008 No. UP-4058, and also implementation of measures for financial and credit support of the export companies to stimulation of growth of investment activity and upgrade of the companies of real production sector, assistance to employment increase of the population and creation of new workplaces the Cabinet of Ministers decides:

1. Provide to the Republican commission on the realization of economically insolvent companies to commercial banks (daleekomissiya) formed according to the Presidential decree of the Republic of Uzbekistan of November 18, 2008 No. UP-4053, the right of consideration of appeals of the export companies for restructuring of the amount of overdue and current debt and to write-off of penalties and penalty fee on the credits of banks.

2. Approve Provisional regulations for procedure for consideration by the Commission of appeals of the export companies for restructuring of the amount of overdue and current debt and to write-off of penalties and penalty fee on the credits of banks according to appendix.

3. Assign to the Commission:

coordination of activities of commercial banks concerning restructuring of the amounts of overdue and current debt and write-off of penalties and penalty fee of the export companies for earlier loans of banks;

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