On September 22, 2018, the Tashkent Institute of Finance and Polotsk State University signed a memorandum of cooperation by the rectors of these universities. On July 3, 2014 the rector of Polotsk State University Lazovsky Dmitry Nikolaevich and prorector on Educational and methodical affairs of the institute Golubev Yuri Petrovich signed a contract with the Tashkent Institute of Finance on mutual training of specialists  .

   According to the document, the Charter on the joint faculty of the Tashkent Institute of Finance and the Polotsk State University, joint curricula  formed by the Ministry of Higher and Secondary Special Education of both sides approved by the rectors of the educational institutions. Nowadays, a number of activities are being carried out to establish a joint faculty at the Tashkent Institute of Finance, accepting documents in accordance with the established procedure and start the educational process from October 1, 2019.