At a donor meeting today, Kyrgyzstan's leaders revised upward the amount they say is needed to get their economy back on track. The new magic number: $1.2 billion, or over 25 percent of Kyrgyzstan's GDP (roughly $4.7 billion in 2009, according to US government figures).
That's a lot, though the UN has backed up this figure as have the usual Bretton Woods supranational suspects, including the International Monetary Fund. Certainly the economic projections are disheartening. At the conference, provisional President Roza Otunbayeva said Kyrgyzstan's economy would shrink by 5 percent this year thanks to the recent bout of instability. Finance Minister Chorobek Imashev said the country faces a budget shortfall of $619 million.
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