BAKU, Azerbaijan, Jun. 4
By Nargiz Sadikhova - Trend
The volume of investments in fixed assets of Kazakhstan amounted to 3 trillion tenge ($7.5 billion) over first four months of 2020, which is 84 percent of the planned volume, Trend reports with reference to the press office of Kazakhstan’s prime minister.
The issue of investments attraction was discussed during a regular meeting of the Coordinating Council on Investment Attraction chaired by Kazakhstan’s Prime Minister Askar Mamin.
The meeting participants noted that the consequences of the coronavirus pandemic led to making adjustments to the current economic situation and had a negative impact on the work to attract investment.
The prime minister emphasized the importance of realizing the task set earlier, that is increasing investment in fixed assets up to 30 percent of GDP by 2025.
In the future, intensification of global competition for investment is expected, which requires adoption of active measures to implement new investment projects in all sectors of the economy, as well as further improve the investment climate.
“The government has begun work to revive the economy. Comprehensive Plan for Restoring Economic Growth by the End of 2020 was adopted. In accordance with it, investments are considered as one of the key drivers,” Mamin said.
The prime minister also stressed the need to improve the quality of investment proposals preparation, the level of coordination of the work of government agencies and all interested parties, introduction of new tools to attract foreign capital and technology, targeting priority sectors of the economy.
He instructed the central state and local executive bodies to update the pool of investment projects and target indicators for attracting investment in fixed assets as soon as possible, taking into account changes in the economic situation in the country and the world.
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