Numerous people have died with the open violence in Kyrgyzstan which has created about 400,000 refugees and destroyed the spending budget the nation has kept. President Kurmanbek Bakiyev and militias from Uzbekistan were overthrown because of the nation’s move towards parliamentary democracy, which is also what is causing all of this violence between troops and civilians. Since the fighting has started to stop, Kyrgyzstan is trying desperately to recover. There is no more money accessible as reported by Reuters. Source for this article – Donors grant Kyrgyzstan more than $ 1 billion in emergency aid by Personal Money Store.
Every person around the world donates so Kyrgyzstan can have $ 1.1 billion emergency money
Bishkek, Kyrgyzstan’s capital city, was where a conference was help in which $ 600 million in quick cash was donated in 2010, and also the rest will be coming in 2011. President Roza Otunbayeva promised to rebuild with the money donated form the World Bank and United Nations. The violence and troubles caused the nation to shrink 5 percent making this the perfect time for a financial windfall. Kyrgyzstan needed money and donors will give it to them.
At least $ 1 billion needed just to fix up buildings
Kyrgystan’s spending budget now won’t contain 13.5 percent of its gross domestic product it would at first have counted on, reports Reuters. Once Bakiyev was overthrown, the total deficit jumped from $ 269 million to $ 619 million, per acting Kyrgyzstan Finance Minister Chorobek Imashev. $ 350 million, reports President Otunbayeva, is needed to build settlements in Osh and Jalalabad, while an additional $ 100 million could be needed for the rest of the economy. In addition, energy rebuilding costs are expected to total $ 180 million, and agriculture will require $ 50 million. In total, while no amount of money can replace lost or displaced lives, $ 1.1 billion in emergency money for Kyrgyzstan will go a long way toward stabilizing a nation in chaos.
Further reading
Reuters
ca.reuters.com/article/topNews/idCATRE66Q31F20100727
Chaos in Kyrgyzstan (WARNING – Some violent images may be disturbing)
youtube.com/watch?v=0L1srqYLnu8
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