Inflow of foreign direct investment in Kazakhstan up
Baku, Azerbaijan, Feb.5
By Leman Zeynalova – Trend:
The inflow of foreign direct investments in Kazakhstan has increased by 9.8 percent and stood at $4.1 billion, Trend reports with reference to the National Bank of Kazakhstan.
The main source of inflow was the reinvestment of non-residents’ incomes in the capital of Kazakh enterprises, according to the report.
The decrease in residents' liabilities was partially compensated by the current account balance of Kazakhstan’s Finance Ministry in the fourth quarter of 2018, the National Bank said.
"Reserve assets (excluding assets of the National Fund of Kazakhstan) as of January 1, 2019 were estimated at $ 30.9 billion, which covers the financing needs for imports of goods and services in Kazakhstan for 8.1 months," the report says.
The preliminary estimates show that the current account balance of payments reached surplus for the first time since 2014 and stood at $ 0.9 billion, the National Bank said.
The financial account (with the exception of operations with reserve assets of the National Bank) was in surplus of $ 4.5 billion, which was mainly due to a decrease in the residents' external liabilities, said the report.
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