The investment program will be monitored through an automated online system

Decree of the Cabinet of Ministers dated January 14, 2023 No. 16 “On measures to further improve the Investment Program of the Republic of Uzbekistan and increase its efficiency” was adopted, Norma reports.

From now on, the monitoring of the investment program will be carried out through an automated online system.

The document approves the Regulations on the procedure for the formation and implementation of the Investment Program of the Republic of Uzbekistan.

Thus, the procedure for the formation of a three-year investment program consists of 6 stages:

• Stage I – before August 1, a preliminary list of the investment program is formed;
• Stage II – by August 10, the generated lists are submitted to the Cabinet of Ministers;
• Stage III – until August 25, the structural divisions of the Cabinet of Ministers will agree on the draft investment program;
• Stage IV – until October 25, ministries and departments, local government bodies develop and agree on design and estimate documents;
• Stage V – until November 10, the final draft of the investment program is submitted to the Cabinet of Ministers;
• Stage VI – by December 1, the Cabinet of Ministers submits a draft to the Presidential Administration.

The following procedure for monitoring the implementation of the investment program has been established:

• Every month before the 5th day, the project initiators enter information on the progress of its implementation into the information system;
• The Ministry of Investments, Industry and Trade submits information to the Presidential Administration and the Cabinet of Ministers every month before the 10th.

The document was published in the National Database of Legislation and entered into force on January 16, 2023