by Rafis Abazov and Talaibek Koichumanov (the 08/21/13 issue of the CACI Analyst)
The Kyrgyz government has announced new initiatives aiming to attract foreign direct investments (FDIs) into the Kyrgyz national economy. The country needs significant resources to deal with chronic mass unemployment – especially high among rural youth – as well as widespread poverty and an aging manufacturing infrastructure. Yet, the experience of some developing countries, such as Bangladesh, India and China, suggests that help might be much closer than politicians think: in the so-called Bamboo Capitalism, diaspora-sponsored business development. According to various estimates, the rapidly growing Kyrgyz diaspora and domestic Kyrgyz businesses keep between US$ 1 and US$ 3 billion in foreign accounts, properties, businesses and equities. Can Kyrgyzstan utilize this unique opportunity to revive its national economy?
by Arslan Sabyrbekov (the 08/07/2013 issue of the CACI Analyst)
On June 17, 2013, the second level court in Bishkek acquitted and released Kamchybek Tashiev, Sadyr Japarov and Talant Mamytov, three opposition lawmakers previously convicted of attempting to stage a coup d’état in the country.
by Johan Engvall (06/26/2013 issue of the CACI Analyst)
Recent protests in Issyk-Kul and Jalal-Abad regions demanding the nationalization of Kumtor gold mine and the release of jailed members of parliament have demonstrated the limited ability of Kyrgyzstan’s central government to enforce law and order throughout the country. There are political sources of this social and economic instability, notably, Kyrgyzstan’s transformation to a semi-parliamentary system of government in 2010 has rooted out corrupt one-family rule but instituted a system of coalition-based corruption, where the country’s major economic, political and territorial assets are divided among political parties with a detrimental impact on their ability to govern the country.
by Erica Marat (06/26/2013 issue of the CACI Analyst)
The Kyrgyz parliament has voted to support President Almazbek Atambaev’s decision to renounce the contract for the U.S. transit center at Manas airport. The main reasons for the parliament’s vote were primarily a response to the Kremlin’s decision to write off a large chunk of Kyrgyzstan’s debt and to Moscow’s promise to construct hydropower plants in Kyrgyzstan, as well as to Washington’s abrupt decision to dismiss criminal charges against Maksim Bakiev, son of former president Kurmanbek Bakiev. In the meantime, uncertainty lingers regarding the finality of the parliament’s decision and how the president will proceed with his plan to build an international transit hub at Manas once the U.S. leaves.
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.