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Recommendations on Uzbek Draft Foreign Funding Regulation
Draft Resolution – New Procedure for Approving Funds and Property from Foreign Sources
PUBLISHED: JULY 2023
On July 18, 2023, the Cabinet of Ministers of the Republic of Uzbekistan posted for public discussion the Draft Resolution on Measures for Further Support of Social Partnership and International Cooperation in the Implementation of Socially Beneficial Programs and Projects by Nongovernmental Noncommercial Organizations (Draft Resolution). The Draft Resolution establishes a new procedure for the approval of funds and property acquired from foreign sources by Uzbekistani CSOs. Although the Draft Resolution eliminates contradictions and simplifies the procedure for approval of funds received by CSOs, the overall process for CSOs’ receipt of foreign funds remains complicated and it fails to ensure the implementation of standards under Financial Action Task Force (FATF) Recommendation 8. At the request of local CSOs, ICNL prepared recommendations for further improvement of the Draft Resolution.
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