In the first five months of this year, Uzbekistan disbursed investments worth $ 4.4 billion

At the next meeting of the Presidium of the Cabinet of Ministers, the state of the work being carried out on the implementation of the decree of the President of Uzbekistan dated December 28, 2020 “On measures to implement the Investment Program of the Republic of Uzbekistan for 2021-2023” was discussed and reports were heard from the heads of ministries, departments, economic associations, and local khokimiyats, the correspondent reports. IA “Dunyo”.

Following the Investment Program, in January-May of this year, investments totaling 4.4 billion US dollars were disbursed, or during the reporting period, the forecast indicators were fulfilled by 110 percent.

In particular, the volume of foreign direct investment and loans amounted to $ 2.4 billion, or 125 percent of the forecast, funds of international financial institutions and foreign government financial organizations – $ 799 million, or 101 percent of the forecast.

With a surplus, Uzbekneftegaz JSC, the Uzltekhsanoat, Uztukimachiliksanoat, and Uzsanoatkurilishmaterialari associations, the Agency for the Development of the Pharmaceutical Industry, the Council of Ministers of the Republic of Karakalpakstan, the khokimiyats of the Khorezm region and the city of Tashkent fulfilled the forecast indicators for the development of foreign direct investment and loans,

Funds from international financial institutions and foreign government financial institutions were mainly directed to the energy and transport sectors, agriculture and water management, health care, education, utilities, and housing construction.

In addition, within the framework of the Investment Program, 29 large production facilities and facilities worth $ 907 million were commissioned; more than 6 thousand new jobs were created.

During the meeting, reports were heard from the head of several ministries and departments, khokimiyats on the effectiveness of measures taken to implement the Investment Program for 2021-2023.

Along with the reports, during the meeting, the shortcomings made in the development of foreign direct investment and loans, ensuring the commissioning of large production facilities and capacities were considered in detail, based on the results of the consideration, a decision was made to apply appropriate disciplinary measures to the leaders who made irresponsible attitude.

Following the meeting, additional measures were identified for the effective development of foreign direct investment and loans, funds from international financial institutions, and foreign government financial organizations.

At the same time, special attention is paid to:

-development and approval of monthly commissioning schedules by the end of this year of projects implemented under the Investment Program for 2021-2023;

-forming packages of proposals for investment projects for foreign investors by studying, with the involvement of leading consulting companies, the investment needs of the sectors of the economy and regions of the republic;

-development of proposals for improving the accounting of attracted and utilized direct foreign investments and loans in the context of sectors of the economy and regions.