Publication: Monitor Volume: 3 Issue: 98

According to figures released on May 14 by Amirzhan Kosanov, press secretary to Prime Minister Akezhan Kazhegeldyn, Kazakstan at the end of 1996 had attracted more per-capita direct foreign investment ($165) than any other CIS economy. (Interfax-Kazakstan, May 14) This figure, which was apparently taken from a recent report issued by the European Bank for Reconstruction and Development, corresponds to some $2.7 billion in cumulative foreign direct investment (FDI) for the entire country. This sum contrasts favorably with the $34 in cumulative per-capita FDI Russia had received by the end of last year, not to mention the $29 Ukraine had received by the end of March, 1997. (Interfax-Ukraina, May 15) It even compares well with Poland’s $177 (as of mid-1996), although it was well below the $563 reported last year by the Czech Republic, not to mention Hungary’s $1,041.

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