TASHKENT, Uzbekistan, October 19. Uzbekistan has witnessed a significant surge in the structure of investments from January through September 2023, Trend reports.
As per the Center for Economic Research and Reforms (CERR), the growth of investments in fixed assets in Uzbekistan increased significantly from 3.3 percent in the first nine months of 2022 to 11.8 percent in the same period of 2023.
Double-digit growth dynamics are observed for non-centralized investments, with an increase of 13.6 percent in the first nine months of 2023 as compared to the same period in 2022.
CERR analysts note that there has been a significant increase in growth rates, with foreign direct investment and loans surging by 16.3 percent, alongside a 47 percent expansion in the volume of foreign direct investment.
Moreover, investments funded through loans from commercial banks have soared by 27 percent, while investments sourced from the population have also seen a notable 10.6 percent uptick.
Centralized investments increased by 1.3 percent due to an increase in government-guaranteed loans of 23.5 percent this year.
Thus, the share of non-centralized investments in the investment structure continues to increase, amounting to 86.9 percent, a slight increase compared to 85.5 percent from January through September of 2022.
In general, according to the results of nine months, the economy of Uzbekistan continued a positive growth trend within the planned development vector.
As per CERR, the growth of investment activity contributes to overcoming internal and external challenges; in addition, the trend towards a decrease in inflation continues, which also leads to the stabilization of the economic environment. At the same time, additional risks are created by the increased volatility of the national currency and an increase in the budget deficit.
