Baku, Azerbaijan, Dec. 10
By Fikret Dolukhanov – Trend:
Uzbekistan is planning to increase the volume of attracted direct foreign investments 2.5-fold to $4.1 billion by 2022, Trend reports referring to the Finance Ministry of Uzbekistan.
According to the forecasts, Uzbekistan will attract a total of some $1.67 billion direct foreign investments in 2018.
In 2019 the figure is expected to grow to $2.2 billion, in 2020 – to $2.68 billion.
The government of the Central Asian state forecasts that the volume of the direct foreign investments will significantly rise to $4.1 billion in 2021.
Asia Frontier Capital analyst Scott Osheroff earlier noted that as long as the opening of full convertibility and repatriation of currency is delayed, Uzbekistan will suffer from a lack of capital.
According to the analyst, this is the biggest risk for the future development of Uzbekistan, because without additional investments, it will probably be difficult for Uzbekistan to achieve its goals of sustainable growth and welfare of 33 million citizens.
The expert expressed hope that the government will consider and take all necessary measures to solve the existing problems of capital control.
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