Uzbekistan Secures $6 Bn in Investments and Loans

Since the beginning of this year, Uzbekistan has attracted more than $6 bn in foreign investments and loans, as reported during a meeting on investments in the country’s economy with Uzbek President Shavkat Mirziyoyev.

In the past two months, 1,100 small and medium-sized projects worth $574 mln have been launched in the republic.

By early March, exports of goods and services had reached a total of $2.8 bn. Over the year, shipments of jewelry products increased sevenfold, while exports of chemical products rose by 1.7 times. Exports of tourist services grew by 1.6 times.

The meeting also addressed poverty alleviation efforts. In the first two months of the year, small and medium-sized businesses received loans totaling 14 trillion soums, which included 2 mln soums allocated under entrepreneurial programs.

However, employment results were disappointing in Syrdarya Region and 24 districts and cities. As a consequence, 30 managers who did not meet their targets were held accountable.

Kursiv Uzbekistan also reported that investors from China are set to launch ceramics production in Kokand.