Hello everybody! We happy to see you here again. We are from Bishkek (Kyrgyzstan
Today we want to tell you about one project. This program is HIPC (high indebted poor countries).
With the “help” of this program our debt will be cancelled, our government should decide “to be or not to be”.
Advantage is our debt (about 2.5 billions dollars) will be cancel.
USA and other countries will help us to struggle with corruption, develop economic, struggle with poor!!!!
Disadvantages are this contract is valid 40 years. And these countries will dictate us how to manage our state.
According to this document government of Kyrgyzstan Kyrgyzstan
What can we say in end of our essay?
First off all our deputies do not want to work. They can not manage Kyrgyzstan
Second bad side is reputation; we will work in cooperation with
When we knew about this project we did not approve it. But as I said we DO NOT have another choice.
Our deputies very selfish and they do not think about reputation, life of ordinary people. They want to receive profit from this program.
If we agree all over the world we will have status one of the poorest states.
Students from Bishkek!!
This is our E-mail Shurik.kg @mail.ru
6 comments:
Why is it a shame to work in cooperation with African countries???
Kyrgyzstan's leaders have squandered the country's opportunities through their personal greed over the last decade, leaving it poor and in need of foreign assistance. Much the same scenario as many African countries since their independence.
HIPC could possibly help the country get back on its feet, but it will need discipline and commitment from the government - something I think is very unlikely at the present.
Why do you think that no one will invest in the country, where the tremendous amount of debt is going to be paid? The fact that it is already recognized worldwide as one of 42 countries, which is poor, economically not well equipped, politically incapable and unable to pay its either multilateral, bilateral and private debts, is ignored. However, there is no positive correlation between being poor and lack of investments. The investigation held by Carana Corporation, a consulting firm, in 2003 indicates the main reasons for the country being unattractive for FDI.
§ Lack of information
§ Political instability
§ Inadequate interpretation of the tax code
§ Lack of confidence about contact conditions & extent of investment being considered legal
§ Excess government intervention in the discussion processes
Another study, among different enterprises, investors, and entrepreneurs who have had experience in the third world countries, by the World Business Environment in 2000 shows the obstacles to operation and growth of business for the developing countries. They are: regulatory transparency, availability of relevant information, corruption (which is common to make “additional payments” to get things done, whether bribe-takers actually deliver, for what kinds of services extra payments are most common and what share of contract values are lost to bribery. Concerning the corruption, during the World Business Environment Study (WBES), to the question: “When firms in your industry do business with the government, how much of the contract value would be typically paid in additional or unofficial payments/gifts to secure the contract?” The response of an average enterprise across the countries covered by the survey shows that Kyrgyzstan has relatively high levels of political instability, corruption, crime, inadequate taxes and regulations.
Foreign business regulation is another reason for lack of foreign investments, not the fact that Kyrgyzstan is poor. Before opening a business in the territory of Kyrgyzstan, the entrepreneurs have to pass through eight procedure steps first which takes more than 21 days on average, while the expenditures would amount 10.4% of GNP per capita Additionally the Foreign entrepreneurs are required to deposit 0,6% of GNP per capita. Then comes licensure process, which amounts to 152 days, registration of properties is ten days; registration amounts to ten days with seven step procedures. (The International Bank for Reconstruction and Development & The World Bank, 2006).
By the way, forgot to add concerninп the bad reputation. First of all, in case if KG is ever going to join HIPC initiative, it is not going to work in cooperation with African countries! I don't know where you got that Shurik, you should probably read more about it, to understand that we are just in the list among African countries. In addition to that, even some poor African countries have GNP per capita higher than we have.
Second, the image is already damaged, sorry cannot do anything... When KG appealed twice to International Monetary Fund and World Bank to assess its economic capacity and debt sustainability, it got the eligibility to be one of the HIPC countries. Want it or not, the step has been taken, even if KG decide not to join HIPC, it is already worldwide recognized as being VERY POOR COUNTRY.
Don't get me wrong, my position is not to defend HIPC, but rather to put you in front of facts. I understand it is morally hard for KG people, since KZ,neighbors are striving to become in the list of most developed countries, while KG is trying to be in the least of most poor countries...
İ fully agree with a person who is against HİPC!
Liberization and structural Adjustment programs never have been successful anywhere!
İ support all who is against HİPC!
Citizens of Kyrgyzstan! Awake please and look around!
The Word of Warning from Borat against HIPC!!!
This posting is devoted to the memory of Nasirdin Isanov, First Kyrgyz Prime Minister, the Man of Honor, who was murdered for the 600 metric tons of gold.
The first Kyrgyz Parliament’s MPs vehemently objected The World Bank\'s corrupted Kumtor Gold mining project (Cameco is the World Bank’s major shareholder.) The first Kyrgyz Prime Minister N. Isanov was against this fraudulent project too. Anyway, Corporate Gorillas got their ways. The first Kyrgyz MPs were dissolved. The first Kyrgyz Prime Minister N. Isanov was killed and then put in the car and run over by truck. This was written off as car accident.
The next Kyrgyz MP\'s and Prime Ministers were famous for their treachery of Kyrgyz interests and corruption. The West, after murdering honest Kyrgyz Prime Minister, and installing puppet government officials, hypocritically started criticizing their corruption, their own agents of promoting of their corporate interests.
Some bio on Nasirdin Isanov
http://en.wikipedia.org/wiki/Nasirdin_Isanov
IFI\'s loans to Kyrgyzstan were totally fraudulent. As much as 40-50 percent of initial loans were spent for salaries of Western consultants and consultancy fees. They simply moved from one US bank account to another US bank account. Some of the US consultants were paid as much as 10 000 US dollars per day from IFI loans to Kyrgyzstan, according to estimates of Kyrgyz commission, investigating now IFI loans to Kyrgyzstan...
Objectively, Kyrgyzstan has full rights to default on its debts to IFI. Cameco, major shareholder of The World Bank, shipped out of Kyrgyzstan 600 tons of gold, roughly estimated price 10 billion dollars, leaving ecologic disaster behind. And Kyrgyzstan has full rights to sue IMF for its destructive PESAC program.
Purpose of HIPC program, schemed by IFIs is to trap naive countries like Kyrgyzstan. Right now, economic hit men (not John Perkins) from IMF and World Bank are pushing Kyrgyzstan into total submission of HIPC program. Uzbekistan and Kazakhstan should learn from sorry story of Kyrgyzstan not to believe \"democracy\" agenda of wolves in sheepskin. Kyrgyz people have no objections to real democracy, it is welcome indeed, but not when, under the guise of \"democracy\", IFIs push its own neo-colonial interests, then that is altogether different story, and has nothing to do with real democracy as a rule by people. Millions of Kyrgyz workers of industrial enterprises, especially in coal, furniture and machinery production have lost their jobs and been deprived of their social rights as a result of the Western imposed PESAC program’s implementation started in 1996. The reasons of this outrageous injustice are rooted in the reorganization and dissolution of the above-mentioned and other companies within the frameworks of the PESAC de-industrialization project.
DEMOCRACY is welcome in Kyrgyzstan, NEO-COLONIALISM is not.
US dollar hegemony is on the verge of collapse and real agenda behind “war against terror”.
European Union Foundation – Central Asian Strategic Forecasting and Research Institute
Bishkek
Daurzhan Rozy-bakiev
Senior Research Analyst
Klaus Haushoffer
Senior Research Analyst, Ph.D
The aggressiveness of US war policy has triggered world wide discussions about the driving forces behind this offensiveness. In this context, “war against terror” is essentially nothing but a crusade to maintain the dollar hegemony.
World trade is now a game in which the US produces dollars and the rest of the world produces things that dollars can buy. To prevent speculative and manipulative attacks on their currencies, the world's central banks must acquire and hold dollar reserves in corresponding amounts to their currencies in circulation. The higher the market pressure to devalue a particular currency, the more dollar reserves its central bank must hold. This creates a built-in support for a strong dollar that in turn forces the world's central banks to acquire and hold more dollar reserves, making it stronger. This phenomenon is known as dollar hegemony, which is created by the geopolitically constructed peculiarity that critical commodities, most notably oil, are denominated in dollars.
When oil is denominated in dollars through US state action and the dollar is a fiat currency, the US essentially owns the world's oil for free. And the more the US prints greenbacks, the higher the price of US assets will rise. Thus a strong-dollar policy gives the US a double win.
The United States now is in debt for at least $4 trillion. That's $4,000,000,000,000. And for the first time ever, Americans owe foreign nations more of their debt than they owe their own banks. Americans owe foreigners more than $2 trillion. In exchange for the security of US rule – and with massive aggressive threats – Kissinger induced the Saudi royal house to calculate its oil in dollars. The other Opec states joined so the two central trading centers for oil and gas, the International Petroleum Exchange (IPE) in London and the New York NYMEX are both based on the dollar. This mechanism leads to a gigantic demand for dollars and supports the role of the greenback as the leading world currency. “Everyone accepts dollars to buy oil.”
As long as dollars are demanded, the US can become indebted almost at will without having to declare bankruptcy. Any other state with comparable statistics would be forced to declare bankruptcy.
IS THE IRANIAN OIL EXCHANGE THE END OF PETRO-DOLLAR HEGEMONY?
For the first time, a serious alternative to the dollar exists in the euro. The run on the US currency has already begun. More and more countries – particularly Russia and China – systematically rearrange their currency reserves. The falling demand for dollars is a logical consequence. Some recent headlines show the greenback has lost considerable value and is under massive pressure: “The Asian Development Bank sounds the alarm over the dollar” (International Herald Tribune, 3/28/2006); “Dollar begins nosedive against other important currencies” (The Sunday Times, 4/30/2006); “Dollar falls after Federal Reserve Chief’s Speech” (The Times, 4/26/2006)
On this background, the Iranian plans to establish an oil bourse (Iranian oil bourse, IOB) on the Kish Island that accepts euros as a means of payment are explosive. The original starting date of March 20 was postponed. However government officials will carry out the project. The oil bourse makes sense from an economic perspective. Teheran does 45% of its trade with the euro zone where a third of its oil flows. Thus the IOB avoids price fluctuation risks and transaction costs by bypassing the dollar.
Both China and India are interested in negotiating future oil through the IOB. Potential sellers could be Venezuela and Russia that for a long time considered calculating their oil in euros. French industrial minister Francois Lous already urged a greater role of the euro in the oil business.
“The IOB is part of a very intelligent and creative Iranian strategy – taking the offensive in every conceivable way and mobilizing other actors against the US.”
Central Asian Strategic Forecasting and Research Institute, 2006.
The US is scraping the barrel in the currency question. The US Federal Reserve stopped publishing the money supply statistics since March 2006 as the most important indicator for the worldwide dollar supply in circulation. This decision was an awkward attempt to hide the shaky foundations of the US Empire. In this precarious situation, Washington will consider any step that could cause a sudden drop in the dollar as a declaration of war. Whether the IOB can do this is a completely different matter.
Preventing the IOB and simultaneously giving a sign to other countries that Washington is ready to march into war with any country that seriously tries to shake the dollar hegemony may help explain the extreme aggressiveness of the US toward Iran.
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