Foreign fund worth $150-200 million to be directed to Karakalpakstan
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15 August 3767 1 minute
The main target indicators for the sustainable socio-economic development of the Republic of Karakalpakstan for the years 2025-2026 have been set. It was mentioned by the presidential decree adopted on August 14 “on accelerating measures aimed at socio-economic development of Karakalpakstan Republic”.
The following targets have been outlined to speed up the stable socio-economic development of the autonomous republic:
-increasing the gross regional product (GRP) by an average of 6–6.5 percent;
-increasing industrial production by 5–6 percent;
-increasing the volume of market services by 15–17 percent.
According to the decree, the strategy for the development of the Republic of Karakalpakstan by 2035 will be implemented based on a detailed five-year program.
Under the program-for-results (PforR) financing system for program funding, foreign funds amounting to $150–200 million will be allocated.
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