DUSHANBE, April 28, 2009, Asia-Plus — It seems that there is no any significant progress in attraction of investments into Tajikistan’s economy despite government’s plan to bring a total amount of investments to more than 1.5 billion US dollars this year.
In a report released at a news conference, the head of the State Committee for Investments and State-owned-Property Management (GosKomInvest) Farrukh Hamraliyev revealed on April 27 that some 85 million US dollars in investments have been attracted into Tajikistan’s economy over the first three months of this year, which is practically equal to the amount attracted in the same period of last year.
According to him, the global financial crisis has resulted in competition between nations of the region for investments becoming more acute. “Under conditions of acute shortage of funds, each country wants to attract more foreign investments into its economy,” the GosKomInvest head said, noting that it is necessary to offer more preferential terms to foreign investors and make amendments to the country’s legislation in order to raise investment attractiveness of Tajikistan.
Energy independence, food security and transportation are priorities for Tajikistan and solution of these problems will make the country more attractive for foreign investors, Hamraliyev added.
According to GosKomInvest, 56 investment projects for a total amount of 6.4 billion somoni (equivalent to more than 1.6 billion US dollars) are currently being implemented in Tajikistan and more than 100 other projects are still under consideration.
We will recall that 3 billion somoni (equivalent to 770,000 US dollars) were invested in Tajikistan’s economy last year, which was 10 percent more than in 2007.
