Council of Foreign Investors established under President of Uzbekistan

The Council of Foreign investors was established under the President of the Republic of Uzbekistan. The relevant resolution was signed on November 13.

According to the resolution, the Council is an Advisory Body to the President.

The Council is formed from among the heads and representatives of foreign companies, banks, and other investment structures, international financial and foreign governmental financial institutions, including the European Bank for Reconstruction and Development, engaged in investment and entrepreneurial activity in the Republic of Uzbekistan in the established order, as well as other participants.

The Council operates in the form of plenary and intermediate sessions. Plenary sessions of the Council shall be held once a year and intermediate sessions shall be held at least twice a year.

Coordination of work on the plenary sessions of the Council is carried out by the Administration of the President of the Republic of Uzbekistan, intermediate sessions-the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan.

Expenses related to the stay and participation of members of the Council in its sessions shall be covered at the expense of own funds of members of the Council, charitable donations of legal entities and individuals, grants of international financial institutions and organizations, as well as other sources not prohibited by law.