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Kyrgyzstan: Business, Corruption and the Manas Airbase

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FISCAL DEPREDATIONS BY THE BAKIYEV FAMILY

The scale of the fiscal depredations of Bakiyev's inner circle is quite startling for a country of only 5 million people. According to Natsional'nyi bank Kyguzstana Acting Chairman Zair Chokoev, during the period 7-8 April, when the unrest peaked, the country's largest commercial bank, AziiaUniversalBanke (AUB), controlled by Bakiyev's son Maksim, sent $200 million out of the country.

Such thievery has had an immediate impact on the country's finances; provisional Finance Minister Temir Sariyev said that as the result of such depredations, the country's budget deficit will amount to over $20 million in April alone.

Again outpacing Washington, on 14 April Russian Finance Minister Aleksei Kudrin announced that Russia was Kyrgyzstan an immediate grant of $20 million and a soft loan of $30 million, commenting, "I think it is possible to provide humanitarian aid - a grant of $ 20 million for the priority of payments for social support"now, collection of customs and tax payments to ensure the ongoing costs of government in Kyrgyzstan is weak."

WASHINGTON'S INTERIM POLICY

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