Fund for Reconstruction and Development of Uzbekistan

The Fund for Reconstruction and Development of the Republic of Uzbekistan, established in 2006 in accordance with the Decree of the President of the Republic of Uzbekistan No.UP-3751 dated 11.05.2006, is a financial institution under the Cabinet of Ministers of the Republic of Uzbekistan, designed to ensure the implementation of projects for modernization and technical re-equipment of leading, primarily basic sectors of the economy, achieving dynamic, sustainable and balanced socio-economic development of the country, as well as the implementation of effective structural and investment policy. The Fund for Reconstruction and Development of the Republic of Uzbekistan also finances the implementation of national socially significant state programs and projects for the formation of industrial and non-industrial infrastructure, primarily in promising but underdeveloped regions, modernization and development of transport and telecommunications infrastructure, creating conditions for the integration of the republic into the international communications network, providing the shortest access to international transport corridors and world markets. The Fund for Reconstruction and Development of the Republic of Uzbekistan may participate in the organization of joint financing of projects with international financial institutions, credit institutions of the republic and foreign countries. The founder of the Fund is the Government of the Republic of Uzbekistan represented by the Ministry of Finance. The supreme governing body of the Fund is the Fund Management Council, headed by the Prime Minister of the Republic of Uzbekistan.