Kyrgyzstan needs finances for political stability

Kyrgyzstan Materials 7 September 2012 09:30 (UTC +04:00)
Kyrgyzstan needs finances to stabilize the political situation in the country, Kyrgyz expert Sergey Masaulov believes.
Kyrgyzstan needs finances for political stability

Azerbaijan, Baku, Sept. 6 / Trend V.Zhavoronkova /

Kyrgyzstan needs finances to stabilize the political situation in the country, Kyrgyz expert Sergey Masaulov believes.

On Thursday, Kyrgyz President Almazbek Atambayev signed a decree appointing Jantoro Satybaldiyev the country's prime minister.

The previous government of Kyrgyzstan resigned in accordance with the law after the collapse of the parliamentary majority coalition.

The political situation in Kyrgyzstan has remained volatile since April 2010, when President Kurmanbek Bakiyev was ousted.

According to the expert, in Kyrgyzstan, in these circumstances, any government will be unstable as long as the present constitution is in force.

"At any time, any of the parties, which entered into a coalition majority, can get out of it, the latter, under the law, will break up, leading to the resignation of the government," Masaulov told Trend on Thursday.

In his view, the situation in the country is "catastrophic" and the government faces "incredibly hard" tasks.

The budget deficit is expected at the end of the year to be over 22 billion soms, and it may be covered only by external borrowing, which are not available, he said.

"In Kyrgyzstan, there is now a serious decline in production, even in comparison with the previous year, but the worst situation is observed in the energy field," Masaulov said.

He said it is expected that this winter power cutoff will be a forced measure.

"Kyrgyzstan now needs to change the activity of the government so as to raise a little its prestige, as the prestige plays an important role now," the expert said.

Masaulov noted that most experts give the new government of the Republic of Kyrgyzstan no more than six months.

"However, if after a few days, as expected, Russian President Vladimir Putin visits Kyrgyzstan, it will mean that the parties have reached substantial agreement," the political analyst said.

He said that in this case, Kyrgyzstan can count on substantial financial support for its projects from Russia, particularly in the energy sector.

"This could help the country get some financial stability and implement important projects that can change the situation in the country," he said.

Masaulov believes that if the President of Kyrgyzstan chooses this direction, the current government can get real support.