U.S. is main investor in Uzbek economy this year

By Kamila Aliyeva

The United States ranked first among the countries in investing in Uzbekistan's economy in the first quarter of 2018, according to the Central Bank.

The main flow (92 percent) of investments in the first quarter of 2018 falls on such countries as the U.S. (28 percent), China (10 percent), Great Britain (10 percent), British Virgin Islands (8 percent), United Arab Emirates (6 percent ), Russia (6 percent), Turkey (5 percent), Malaysia (4 percent), Switzerland (4 percent), Germany (4 percent), Netherlands (4 percent), Singapore (3 percent) and the Republic of Korea (2 percent),” the bank's report said.

At the same time, according to the Central Bank, the balance of direct investment in the country increased from $4 billion to $4.3 billion, and net growth of direct investment from non-residents reached $200 million, of which $197 million are in the form of reinvestment of income.

It is interesting that during this period the aggregate amount of external debt, with the exception of loans provided by parent companies, increased from $14.5 billion to $14.7 billion.

External debt today consists of public and private external debt. The main growth in burden on external debt falls on the public sector, where, taking into account exchange rate changes, the growth of state borrowing was $329 million. The balance of the state external debt increased from $7.6 billion to $7.9 billion.

The growth of burden for private external debt was observed in the banking sector ($70 million) and in the sector of non-banking financial institutions ($3 million).

Meanwhile, the amount of private external debt of economic entities decreased by $222 million due to repayment of debt on principal and interest. As a result, the burden on private external debt decreased from $6.3 billion to $6 billion.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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