Friday, 30 June 2006

KYRGYZ OFFICIAL SAYS REMITTANCES AT $750 MILLION IN 2005

Published in News Digest

By empty (6/30/2006 issue of the CACI Analyst)

Lyubov Ten, head of the macroeconomic policy department in Kyrgyzstan\'s Economy and Finance Ministry, said in an interview on June 29 that remittances from migrant workers totaled an estimated $750 million in 2005. Ten said that the International Organization for Migration puts the number of Kyrgyz migrant workers in Russia at 300,000-500,000 and in Kazakhstan at 50,000. Ten noted that the Bishkek Consensus Institute for Economic Policy (IEP) estimates the total number of Kyrgyz migrant workers at 400,000, including 50,000 outside the CIS.
Lyubov Ten, head of the macroeconomic policy department in Kyrgyzstan\'s Economy and Finance Ministry, said in an interview on June 29 that remittances from migrant workers totaled an estimated $750 million in 2005. Ten said that the International Organization for Migration puts the number of Kyrgyz migrant workers in Russia at 300,000-500,000 and in Kazakhstan at 50,000. Ten noted that the Bishkek Consensus Institute for Economic Policy (IEP) estimates the total number of Kyrgyz migrant workers at 400,000, including 50,000 outside the CIS. The IEP put annual remittance averages of individual migrant workers from Kyrgyzstan in 2004-05 at $1,165 (Russia), $1,361 (Kazakhstan), and $2,050 (other countries). (akipress.org)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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