July 1, 2019, 9:30
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kabar.kg
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Tashkent, June 30, 2019. /Kabar/. The Central Bank of Uzbekistan published a report on the volume of net inflows of foreign direct investment in the first quarter of this year, according to which the inflow of investment decreased to $198 million in the first quarter, which is half the amount compared to the same period last year.
The Ministry of Investment and Foreign Trade (MIFT) of Uzbekistan commented on this situation. According to the MIFT experts, the Central Bank’s report was compiled on the basis of the methodology of the International Monetary Fund and is used exclusively for the preparation of the balance of payments of the country, that is, it characterizes the movement of funds in the form of payments from the country to the country.
The net inflow of foreign direct investment is calculated by correlating the inflow of foreign direct investment during a certain period with the repatriation volume of these investments (return of capital to the investor's country) during the same period, i.e. it is a certain balance between the inflow and outflow of funds.
The press service of the ministry reported that the said methodology for calculating does not reveal the full picture of attracted and utilized foreign direct investment. In this regard, the Ministry of Investments and Foreign Trade together with the State Statistics Committee is carrying out the calculation of attracted and developed foreign investments in fixed capital not only through monetary increase of the authorized capital of the economic entity, but also investments in commodity form, as well as in the form of intangible assets and transfer of technology, licenses, etc.
Thus, at the end of the first quarter of 2019, the actual volume of foreign direct investment, confirmed by statistical reports, amounted to USD 783.3 million, or 11%. Compared to the same period of 2018 (USD 325.8 million), the growth in the volume of investment amounted to USD 457.5 million, or by 2.4 times.
