Tashkent, Uzbekistan (UzDaily.com) -- The Institute for Macroeconomic and Regional Studies (IMRI) analyzed the effectiveness of attracting investments in fixed capital and foreign direct investments and loans in the regions for the first 9 months of 2023.

The Investment Performance Index (IPI) was used during the analysis, which indicates how the volume of investments in the region corresponds to the region’s contribution to the development of the Republic. The normal value of the index is 1.00 if the investment attraction policy for sustainable development of the territory is well established.

The volume of investments in fixed capital in the Republic from January to September 2023 reached 226.6 trillion soums, which is 11.8% more than in the same period of the previous year. The volume of foreign direct investments and loans for this period increased by 16.3% and amounted to 91.8 trillion soums.

However, there are differences in the distribution of investments at the regional level. For example, the difference in the volumes of attracted investments between Khorezm region and the average value for the entire republic was 2.7 times, and for foreign direct investments and loans - 2.5 times.

According to the IPI index, for investments in fixed capital, the value of the index was significantly higher than the norm in Syrdarya (2.00) and Bukhara (1.67) regions. This could be due to the creation of new opportunities for investors and the temporary effect of implementing strategically important mega-projects. In the Kashkadarya (1.00) and Ferghana (1.00) regions, the index was at the norm, and in most other regions, values close to it were recorded.

Regarding foreign direct investments and loans, in Ferghana (0.96) and Khorezm (0.95) regions, the IPI index has values close to the norm, while in Syrdarya (3.93), Bukhara (1.78), Jizzakh (1.64), and Tashkent (1.52) regions, it is above the norm. This indicates the potential for more effective use of high volumes of foreign investments flowing into these regions.

The city of Tashkent (0.67) and the Khorezm region (0.68) have significantly lower index values, indicating the need to pay more attention to attracting foreign investments to these regions.

It is important to note that the IPI index analyzes quantitative indicators of investments at the regional level and does not take into account the quality of investments.