In the first half of 2023, direct foreign investments (DFI) in Kyrgyzstan were estimated at $429.1 million. This is a decrease of 31.68% compared to the same period in 2022, and the decline is attributed to reduced investments from most traditional partners. Akchabar reports.
However, alongside the decrease in DFI inflows from some countries, there was an increase from others. This includes the Virgin Islands, Italy, Jordan, the UAE, Pakistan, and Switzerland. Additionally, investments from Uzbekistan and Belarus saw significant growth.
While these countries cannot yet be considered the largest investors in Kyrgyzstan, the increase in direct investments from them suggests potential. Direct investments from Uzbekistan grew 38 times in the first half of the year, reaching $11.5 million. Belarus showed a more modest increase but still grew DFI by 8 times, reaching $1.6 million.
The major investors, however, continue to be China ($102.3 million), Russia ($87.3 million), and the Netherlands ($36.9 million).
China primarily invested in the extraction of natural resources, Russia invested in manufacturing enterprises, wholesale and retail trade, and the Netherlands focused on the information and communication sector, financial intermediation, and insurance.
CentralasianLIGHT.org
September 22, 202