Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the President of Uzbekistan “On measures to further expand financial support for export activities” was adopted.

In accordance with the resolution, the State Fund for the Support of Entrepreneurship for a period until 1 January 2022:

provides compensation for loans allocated for pre-export financing, including working capital, regardless of the interest rate and the size of loans established by commercial banks, in the amount of:

up to 50 percent of interest expenses on loans in national currency, but not more than 10 percentage points;

up to 50 percent of interest expenses on loans in foreign currency, but not more than 5 percentage points;

provides guarantees for loans from commercial banks allocated for pre-export financing, including working capital, in the amount of up to 50 percent of the loan amount, but not more than 8 billion soums;

provides compensation and (or) surety for additionally allocated loans for pre-export financing, including working capital in the amount and on the conditions established by this paragraph, regardless of the presence of debt on previously received loans, subject to a positive credit history;

charges a commission on the guarantees provided in the amount halved.

A number of additional tasks have been assigned to the Export Promotion Agency under the Ministry of Investment and Foreign Trade.

In order to implement the tasks additionally entrusted to the Agency, an Export Support Fund was established under it without forming a legal entity.