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Choro Doolotaliev Research and Study Group Economic Department National Bank of Kyrgyz Republic

Money Transfers of Labor Migrants as on of the Income Sources and Poverty Reduction in Kyrgyz Republic. Choro Doolotaliev Research and Study Group Economic Department National Bank of Kyrgyz Republic.

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Choro Doolotaliev Research and Study Group Economic Department National Bank of Kyrgyz Republic

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  1. Money Transfers of Labor Migrants as on of the Income Sources and Poverty Reduction in Kyrgyz Republic ChoroDoolotaliev Research and Study Group Economic Department National Bank of Kyrgyz Republic

  2. Contents1. Overview of living standard indicators of Kyrgyz population 2. Money transfers from labor migrants to Kyrgyz Republic

  3. *Source: National Statistics Committee, KR **Own calculations of Research and Study Group

  4. Comparative Table of average nominal salaries and PPP-adjusted per capita GDP, Kyrgyzstan, Russia, Kazakhstan, 2004-2008, US$*. *Source:Own calculations of the Group, based on NSC, NB of KR, Statistics agencies of Russian Federation and Kazakhstan.

  5. Average annual employment in the economy and agriculture2004-2008, thousands*. * Source: NSC of Kyrgyz Republic Poverty in Kyrgyz Republic, 2004-2008, %*. * Source: NSC of Kyrgyz Republic

  6. Dynamics (left axis) and growth rates (right axis) of migration flows from Kyrgyz Republic Bars: Migration in absolute numbers, Line: Growth rates of migration * Source: NSC of Kyrgyz Republic

  7. Распределение общего объема денежных доходов населения. [1]Gini coefficient – indicator that shows the level of actual deviation of income from absolute equality or absolute inequality. If incomes of all are equal, Gini coefficient equals 0, meanwhile, if it is assumed that entire income is concentrated by one individual, it equals 1. Thus, coefficient values fall within range of 0 to 1. The colser to 1, the more unequal is distribution of income among the population.

  8. Money transfers through Money Transfer Operation systems as share of GDP of Kyrgyzstan Left Axis, Bars: Absolute values in US$ mln, Right axis, Line, % in GDP of KR

  9. Recommendations • Improved statistical recording and measuring in the country will allow improving calculation of incomes, including those of the poor. • Implementing studies of the impact of money transfers from labor migrants on the income level of population and poverty reduction (broken down per regions of Kyrgyzstan). • Increasing educational levels of the population, including of the poor, which gives them opportunities for the employment abroad. • Legalization of labor migrants will protect their rights against illegal actions of recipients and employers, thus ensuring uninterrupted flow of money transfers from labor migrants to the country.

  10. Thank You

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