Tajikistan's Banking Sector Records Increase In Foreign Investments
Date
8/3/2023 12:45:01 AM
(MENAFN- Trend News Agency) DUSHANBE, Tajikistan, August 3. Tajikistan's
banking system attracted $611 million in foreign investments from
January through June 2023, Assistant to the President of Tajikistan
on Economic Affairs Nematullo Hikmatullozoda said, during a meeting
on banking system results for the first half of 2023, trend reports.
As Hikmatullozoda pointed out, the amount of investments
increased by 20 percent compared to the same period of the previous
year.
"Despite this positive growth, there is still a need for further
improvements in the country's banking system to attract more
investments," he said.
Hikmatullozoda emphasized the importance of fostering mutually
beneficial collaborations with financial institutions and foreign
investors to attract more foreign investments, particularly direct
investments into Tajikistan's banking sector.
Additionally, he said that measures should be taken to increase
the availability of credits in various economic sectors, with a
special focus on supporting manufacturing entrepreneurship, as well
as reducing interest rates on loans.
Back in May of this year, President of Tajikistan Emomali Rahmon
said that more than 170 investment projects, whose total value
exceeds $8 billion, are being implemented in the country at the
moment.
He especially emphasized the significance of the investments
from China, and said that over the past 10 years, Chinese investors
have contributed $2.6 billion to the Tajik economy, of which more
than 57 percent are direct investments.
According to him, the government of Tajikistan supports
investors, there are more than 240 types of guarantees and benefits
for them, including more than 100 tax and customs benefits and
exemptions.
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