Conclusion
In conclusion we can say that, the purpose of the Investment policy in the country
(the “Policy”) is to establish a framework for the management of certain
investment assets and, among other things, to:
Define the responsibilities of all involved parties and assign such
responsibilities.
Establish for all involved parties a clear understanding of the investment
goals and objectives of the assets under management.
Offer guidance and limitations to all Investment Managers regarding the
investment of the assets.
Establish a basis for evaluating investment results.
Establish a relevant investment time horizon for which the assets will be
managed.
Meet the fiduciary obligations of the Board of Directors, as delegated to the
Finance and Audit Committee, with respect to the management and
investment of the Assets, consistent with applicable state law.
For improving the investment climate of the country it is important for the investor
to assess the investment attractiveness of the country, taking into account its
potential. Today, the priority is to ensure the continuous improvement of the
favorable investment climate in Uzbekistan. At the same time, the main task of the
state is to create a favorable investment climate for attracting capital and increase
its attractiveness.
The interest in attracting foreign investment to the national economy requires any
state to develop its own investment policy. This policy determines the specific
direction of attracting foreign investment, as well as the system of incentives for
their attraction and determines the legal order of investment activities.
In his Address to the Oliy Majlis, President of the Republic of Uzbekistan Sh.M.
Mirziyoyev said: “World experience shows that a country that pursues an active
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investment policy has achieved sustainable growth of its economy. That is why it
is no exaggeration to say that investment is the driver of the economy, in Uzbek,
the heart of the economy. We will achieve rapid development of our economy only
through the active attraction of investments, the launch of new production
facilities. Taking measures to fully demonstrate the investment potential of our
country in order to attract more foreign investment should be one of the most
pressing issues in our daily lives.”
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In conclusion, it is important to study the experience of developed countries, the
path taken, the laws adopted by the country to improve the investment climate, the
decisions made, the application of the developed methods and techniques to attract
investment to Uzbekistan. . Indeed, the application of the accumulated experience,
taking into account the specifics of the country, leads to a reduction of risk, the
prevention of ambiguity, the provision of high efficiency.
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https://www.pv.uz/oz/newspapaers/poslanie-prezidenta-respubliki-uzbekistan-shavkata-mirzieeva-olij-mazhlisu-
2020.
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