Tashkent, Uzbekistan (UzDaily.com) — A resolution by the Government of Uzbekistan, dated 29 April 2025, No. 279, has approved the "Regulations on the Procedures for Identifying, Assessing, and Managing Financial and Other Risks."

This document regulates the process of identifying, assessing, and managing financial and other risks within the ministries and departments, the Council of Ministers of the Republic of Karakalpakstan, as well as the khokimiyats of regions and the city of Tashkent — in other words, the republican and local executive authorities.

According to the Regulations, risk management in these government bodies is entrusted to the Risk Management Committee.

Risks are assessed in several stages. First, the impact of the risk is determined, then the likelihood of its occurrence is analyzed, and finally, the risk level is calculated by multiplying the impact and probability indicators.

When assessing the degree of impact, criteria are used that assign a score between 1 and 3 to each factor. These criteria include:

• The organization's control over risk management;
• The level of automation of functions where risks may arise;
• The presence of gaps in regulatory legal acts that could contribute to the occurrence of the risk.

A score of 3 indicates the highest level of risk impact, while a score of 1 indicates the lowest level.