DUSHANBE (TCA) — More than 47 percent of all foreign investments coming to Tajikistan are from China, Avesta news agency reports citing World Bank figures.
According to the World Bank’s latest Tajikistan Economic Update, almost half of all foreign investments come to the country’s mining sector, followed by transport and production sectors.
The largest foreign investors in Tajikistan are China (47.3 percent) and Russia (31.3 percent), followed by Switzerland (6.8 percent).
The government of Japan recently announced it will invest around US $200 million in the construction of a cargo terminal in the airport of Dushanbe, which will diversify Tajikistan’s foreign investments.
According to official estimates, real GDP in Tajikistan grew by 6.8% during the first nine months of 2017, compared with 6.7% a year earlier. Growth was pulled along by net exports, due in particular to high external demand for Tajikistan’s mineral resources, general improvement in the terms of trade and pick-up in private consumption as remittances rose by over 22%, according to the World Bank’s Tajikistan Economic Update, Fall 2017.
Affected by ongoing challenges in the financial sector, private investments shrunk by nearly 17% during the first nine months of the year, while public investments from domestic sources jumped by more than 33% during the same period, the report said.
During the first half of 2017, foreign direct investment (FDI) inflows to Tajikistan declined considerably, totaling 1.9% of GDP, compared to 6.3% in the same period last year.
