Procedure for Implementing Anti-Corruption Standards in Major Investment Projects Approved

Tashkent, Uzbekistan (UzDaily.com) — The Government of the Republic of Uzbekistan has approved regulations on the procedure for implementing standards to combat corruption and ensure fair competition during the preparation and execution of major investment projects.

The document mandates the application of anti-corruption standards and standards for maintaining fair competition at all stages of preparing and implementing large-scale investment projects.

It applies to projects funded from the State Budget or state-targeted funds, projects carried out under public-private partnerships, as well as investment initiatives involving foreign investors and international financial institutions that entail state guarantees, benefits, or other forms of government support.

According to the regulations, internal anti-corruption control bodies within government agencies and organizations conduct expert assessments of projects within their authority. Such assessments are an integral part of the procedure for approving an investment project.

Based on the findings of these assessments, the project initiator, together with the authorized bodies, develops a plan of measures to minimize corruption risks and prevent violations of competitive conditions, thereby ensuring transparency and efficiency in the implementation of major investment initiatives.