Kyrgyzstan passes anti-crisis plan

19:56, August 18, 2010      

Email | Print | Subscribe | Comments | Forum 

Kyrgyzstan passed an anti-crisis plan Wednesday to deal with serious social problems within the country, according to the government press office.

The plan, authorized by interim president Roza Otunbayeva, aims to address critical issues created by political turbulence in April and June this year in order to enhance medium term (2011 - 2012) economic growth.

The turbulence led to profound economic disruption and social disorder, and forced many investors to leave the country. Investment fell, the private sector's confidence was weakened and liquidity in the banking system was reduced.

Small and medium-sized business, especially the service industry, has suffered badly as a result of the social instability.

Some neighboring countries closed their borders and stopped importing agricultural goods from Kyrgyzstan and hurt light and processing industries.

The interim government estimates it needs 1.2 billion U.S. dollars to solve the most urgent social and economic problems. This year alone, it will need 550 to 600 million dollars.

The World Bank, Eurasian Foundation and other international financial organizations would contribute to the plan, the office said.

While tackling its economic and social illness, the interim government also faces the task of political reconstruction.

The Central Election Commission told the press Wednesday that 57 political parties would run in the Oct. 10 parliamentary elections.

Source:Xinhua

(Editor:梁军)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion