He noted that at the beginning of the economic development, the country primarily relied on external investments and loans, while internal sources of financing were virtually nonexistent.
“Over the past two years, internal investments have increased from 274 billion soms to 374 billion soms, which is a growth of 100 billion soms (approximately 1.5 billion dollars). At the same time, over the past five years, the volume of foreign direct investments has amounted to about 70 billion dollars. Thus, internal investments exceed external ones by about five times,” Zailov stated.
According to the economist, external investors mainly invest in the trade and hospitality sectors, seeking quick returns on their investments, while internal investments are directed towards industrial development.
“If previously the main flow of investments was directed towards agriculture, today financing for processing, manufacturing, mining, and construction sectors is primarily sourced from internal resources,” he added.
Zailov also emphasized that this shift in investment strategy contributes to strengthening Kyrgyzstan's domestic production and reducing the economy's dependence on foreign investors.
