Tashkent, Uzbekistan (UzDaily.com) -- Resolution of the Cabinet of Ministers "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 - by 1 August, a preliminary list of the investment program is formed;

Stage II - by 10 August, the generated lists are submitted to the Cabinet of Ministers;

Stage III – by 25 August, the structural divisions of the Cabinet of Ministers will agree on the draft investment program;

Stage IV – by 25 October, ministries and departments, local government bodies develop and agree on design and estimate documents;

Stage V – by 10 November, the final draft of the investment program is submitted to the Cabinet of Ministers;

Stage VI - by 1 December, 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 day.