Regulatory Alerts1996-08-29 | 263-IAdded
Law of the Republic of Uzbekistan On External Borrowing
The Law of the Republic of Uzbekistan on External Borrowing defines key terms including external borrowing, state external borrowing, resident external debt, and total external debt. It establishes that external borrowing is conducted through loans, import of goods or services, deposits by financial institutions, leasing, and issuance of securities on foreign markets. The law assigns the Central Bank of Uzbekistan the authority to register non-guaranteed external borrowing contracts, track operations, and maintain a database, while the Ministry of Finance handles information reporting to international financial organizations. Borrowers are obligated to fulfill contract terms and report to the Central Bank or the Ministry of Finance, with disputes resolved through courts or arbitration.
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