Bureaucracy and corruption risks remain limiting factors for investment, - economist

Ирина Орлонская Economy
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- Corruption risks and bureaucracy negatively affect the investment climate in the country. This was stated on the radio by corresponding member of the National Academy of Sciences, Doctor of Economic Sciences, Professor Zhumabek Zhailov.

According to the expert, manifestations of excessive bureaucracy are still observed in government institutions, including additional requirements and unnecessary documents, as well as the need to interact with numerous authorities. A complete solution to this problem is currently unattainable.

Zhailov noted that bureaucracy and corruption can significantly limit the inflow of investments.

As the main way out of the situation, he proposed complete digiтalization of processes. In his opinion, reducing personal contacts and transitioning to digital platforms will help reduce corruption risks and simplify bureaucratic procedures. The application of modern technologies, including elements of artificial intelligence, can significantly enhance transparency and efficiency in interactions with investors.
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