This measure was envisaged in programme on reforming and increasing sustainability of financial-banking system of the country for 2011-2015, which was approved by Uzbek President Islam Karimov in the end of November.

In line with the programme, the councils and credit committee of commercial banks of Uzbekistan will adopt corresponding measures in 2011-2015.

Uzbekistan is also planning to implement investment projects with the cost over US$200 million with use of mechanism of project financing.

In the third quarter of 2011, the government of Uzbekistan will develop a regulation on order of developing, expertise, approving documentation and financing large investment projects (with sum over US$200 million), realized in line with international project financing principles.

The programme also includes measures on creation of engineering companies on developing of project and other documents of investment projects in cooperation of commercial banks and large enterprises of the country.

The document said that commercial banks of Uzbekistan will also improve quality of expertise of investment projects, including through increasing transparency of procedures, strengthening cooperation of banks with planning institutes, as well considering all factors and risks during project expertise.