The main investments in the economy of the countries of central asia

Аннотация

Countries of Central Asia joined the aid recipient countries list of the Organization of economic cooperation Development assistance committee (OECD DAC) following the collapse of the Soviet Union. Newly independent states were in need for external assistance for implementing structural adjustments required and simply for reconstruction of their economies. Central Asian countries have restrained aid policy with the total amount of Official Development Assistance (ODA) increasing from 111.50 million USD in 1991 reaching 1,490.92 million USD in 2020 (see Graph 1). Looking into numbers one can observe gradual increase of developmental assistance received by 5 countries of Central Asia. Kyrgyzstan is the largest recipient in the region with the total amount of 8,436.54 million USD of net official development assistance received for a period of 1991-2020. As a result of structural reforms going on in Uzbekistan under new development strategy, the country has increased the amount of overseas development assistance via bilateral donors and multilateral organizations during the last 3 years reaching 638.26 USD million in 2020. In contrast, in Kazakhstan the amount of aid received has reduced sharply and the country has moved from the list of recipients of development assistance to non DAC countries of official donors of aid. Net amount of ODA donated by Kazakhstan reached 35 million USD in 2020, the vast majority of which has been distributed to neighboring countries as Afghanistan, Tajikistan and Kyrgyz Republic [1].