The Uzbekistan Fund for Reconstruction and Development (UFRD) was established in 2006 in order to ensure the implementation of projects for the modernization and technical re-equipment of leading, primarily basic sectors of the economy, the achievement of a dynamic, sustainable and balanced socio-economic development of the country, as well as the implementation of an effective structural and investment policy. There has been rumors of the potential restructuring and reformulation of the fund for some time now.