Kyrgyzstan seeks 4% poverty rate cut

Feb 01, 2011 12:00 AM

Kyrgyzstan hopes to cut poverty by 4 % over the next three years, the Kyrgyz deputy minister of finance told parliament. “Kyrgyzstan expects to reduce poverty level from 31.4 to 27.3 % within next 3 years,” the Bishkek-based news agency reported Said Zulpuev as telling the Kyrgyz Committee on Land and Agrarian Issues, Water, Environment and Regional Development. He expects the average wage of Kyrgyz workers to be raised from their current $ 187 per month to $ 223 per month by 2013, according to the government’s economic plan.

Zulpuev also said the country will be able to meet its $ 446 mm 2011 budget shortfall through a combination of internal sources as well as grants from the World Bank, the Asian Development Bank and the International Monetary Fund. Kyrgyzstan’s Prime Minister Almazbek Atambayev recently held a series of meetings with government ministers to discuss bringing Kyrgyzstan’s economy back on track after a tumultuous 2010, which saw the overthrow of a former president and a series of deadly ethnic riots which killed over 400.

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