In Uzbekistan, control over loans and borrowings from large companies has been strengthened

In Uzbekistan, a procedure for monitoring the attraction of loans and external borrowings by banks and large enterprises has been approved, according to a government decree.

Businesses will be divided into three categories based on their financial condition: low-risk, medium-risk, and high-risk. High-risk individuals will be required to report to the Coordination Commission on each new loan attraction, even when borrowing from a 1% debt or $5 million.

Medium-risk companies will notify the commission if the new loan amount exceeds 5% of existing obligations or $20 million. For low-risk organizations, no coordination will be required. In case of deterioration of the financial situation, the commission has the right to recommend to the enterprise to restructure the debt, extend the repayment period, or attract new loans on more favorable terms.

The enterprise has the right to appeal its decision in court.

Earlier, it was reported that microcredits would be issued with a risk warning. Due to the aggressive advertising of loans in the country, the debt burden on the population has increased sharply.