News Column

Some $5 billion attracted for investment projects in Kyrgyzstan in 2013

May 21, 2014

Some $5 billion was attracted for investment projects in 2013, Prime Minister of Kyrgyzstan Joomart Otorbayev said at the plenary session of the Parliament on May 21.

The sustainable development strategy was adopted last year, he said. "The program and action plan were developed for implementation of the strategy that were endorsed by the Parliament," the Prime Minister said.

The GDP amounted to $350 billion in 2013, the growth exceeded 10.5%.

"The banking sector is estimated at $64 million. It has grown by 33% since start of the year, this is a good figure, which means banks began extended loans. International reserves exceeded $2 billion. The budget revenues totaled 101.9 billion som and have grown for 15 billion som compared to 2012," Joomart Otorbayev said.

Budget deficit amounted to 2 billion som in 2013 or made 0.7% of GDP. In 2012, deficit made 7.6%.

"Some $5 billion was attracted for investment projects, including Upper Naryn Cascade hydropower plants, North-South road, Datka-Kemin power transmission line, China-Kyrgyzstan gas pipeline, military reform," the Prime Minister stated.

Construction of the Osh-Batken-Isfana-Balykhcy, Bishkek-Naryn-Torugart roads is in progress, PM Otorbayev underlined.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AKIpress News Agency (Kyrgyz Republic)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters