• KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 35

Tajikistan: Remittances from labor migrants exceed foreign investments

DUSHANBE (TCA) — Tajikistan’s labor migrants abroad send home much more money than direct foreign investments coming to Tajikistan, Avesta news agency reported. According to Tajik government sources, in 2013-2019 the economy of Tajikistan received a little more than US $3 billion of direct foreign investment. In November, Jamshed Nurmakhmadzoda, chairman of the National Bank of Tajikistan, said that in January-September 2019, Tajik labor migrants abroad sent home $2.490 billion, a 7-percent increase on-year. Experts say that the main source of living of hundreds of thousands of Tajik families is money sent home by their family members working abroad. Most Tajik labor migrants work in Russia. It was earlier reported that over the past five years (2013-2018), Tajik labor migrants sent home via bank transfers more than $15 billion, which manifold exceeds the amount of direct foreign investments during the period. Avesta earlier reported that the amount of money sent home by Tajik labor migrants from Russia in January-September of this year exceeded Tajikistan’s annual budget. It was also reported that remittances from labor migrants abroad account for more than 75 percent of all income of Tajikistan’s population.

Remittances from labor migrants in Russia exceed Tajikistan’s annual budget

DUSHANBE (TCA) — The amount of money sent home by Tajik labor migrants from Russia in January-September of this year exceeded Tajikistan’s annual budget, Avesta news agency reported. During the first nine months of this year, Tajik labor immigrants in Russia sent home US $2.49 billion, a 7-percent growth on-year. According to Tajikistan’s Finance Ministry, the country’s state budget in January-November 2019 amounted to 20.568 billion somoni or more than US $2.1 billion according to the official exchange rate of the Tajik National Bank. The total state budget of Tajikistan for 2019 from all sources of financing is 23.7 billion somoni or more than US $2.448 billion. That means that during the first three quarters of this year, Tajiks working in Russia sent home the amount exceeding their home country’s annual budget. It was earlier reported that remittances from labor migrants abroad account for more than 75 percent of all income of Tajikistan’s population.

Central Asia: Labor migration, remittances and shortage of specialists

BISHKEK (TCA) — Central Asian economies excluding Kazakhstan are heavily dependent on labor migrant transfers. Migrants from Uzbekistan are leading in terms of remittances. In 2018, of $9.5 billion transferred by individuals from Russia, the most money was sent to Uzbekistan. Continue reading

Kyrgyzstan: How to benefit from labor migration

BISHKEK (TCA) — Labor migrants are the main source of remittance to Kyrgyzstan. If it were not for their money, the country's GDP would have decreased by a third, including budget revenues and wages, Economy Minister Oleg Pankratov said at the fourth Mekendeshter (Compatriots) Forum held on August 8-9 in Cholpon-Ata, a resort city at Lake Issyk-Kul. About 200 compatriots from 27 countries participated in the meeting, organized by the Initiatives of Roza Otunbayeva Public Foundation with the support from the Swiss Bureau for International Cooperation. Representatives of diasporas and compatriots living abroad shared their experience in implementing social and business projects in Kyrgyzstan and told their success stories. Earning abroad According to official data, about 800,000 Kyrgyz citizens are working abroad, mostly in Russia. According to unofficial data, the figure exceeds one million. Their remittances to the homeland amount to about $2.5 billion annually. Over the first half of 2018, the total inflow of remittances to Kyrgyzstan exceeded $1.2 billion, 13% more compared to the same period last year. Traditionally, the largest volume of remittances was from labor migrants from Russia followed by USA and Kazakhstan. According to the World Bank, one from three persons lives below the poverty line in Kyrgyzstan’s villages. Most of the rural population receives income from agriculture and remittances from relatives working abroad. The National Bank of the Kyrgyz Republic forecasts an increase in the inflow of remittances from labor migrants this year. Modern phenomenon? "The fact that many of our compatriots are living and working in different countries is not a tragedy but a modern phenomenon. They master new technologies and study democracy, and learn to develop. Therefore, we should use their experience and intellectual potential. We need to properly manage migration and benefit from it," said Roza Otunbayeva, the initiator of the forum and ex-President of Kyrgyzstan. Labor migration is a temporary phenomenon, Economy Minister Pankratov believes. The Government should ensure that people, having gained experience and capital, were able to return home and work in Kyrgyzstan. The Government is now planning to stimulate the economy’s transition to industrial development. The largest number of jobs is generated in the industrial sector, primarily in the processing and light industry, he said. The money that comes from labor migrants does not replenish the loss of the able-bodied population and the demographic gap in the country. If the migration continues in Kyrgyzstan, a situation may arise when the number of elderly people would prevail over the young population, experts say. Council under the President President of Kyrgyzstan attended the Compatriots’ Forum for the first time in its history since 2012. President Sooronbai Jeenbekov showed that he is seriously concerned about the problems of migrants and wants to help them. "There are successful compatriots who have achieved much abroad and are going to invest in large investment projects in Kyrgyzstan, as well as to attract serious investments into our economy," Jeenbekov said. Such patriotic contemporaries need a single platform for solving problems and achieving common goals....

Kyrgyzstan: different sides of labor migration

BISHKEK (TCA) — Labor migrants gradually turn into real investors of Kyrgyzstan's new economy, President of Kyrgyzstan Sooronbai Jeenbekov said at his meeting with compatriots who work outside the country earlier this month. Continue reading

Kyrgyzstan: labor migrants need social protection, investment incentives

BISHKEK (TCA) — There are about 100 thousand Kyrgyz labor migrants in Kazakhstan, Kyrgyzstan’s State Migration Service says. Some of them work legally in the regions closer to Kyrgyzstan — the South-Kazakhstan, Karaganda and Almaty oblasts and Almaty city. Host state for migrants The problems faced by labor migrants in Kazakhstan including the absence of labor contracts and difficulties with the registration and obtaining of permits were discussed during a teleconference in Bishkek earlier this month. Citizens of Kyrgyzstan can stay in Kazakhstan for a month without registration. Within a pilot project, migration services of the two countries established a Migration Services Center in Astana which showed good results, and such centers will be created in all regional centers of Kazakhstan by the end of the year. When it comes to migration, Central Asian states are traditionally known as donor countries, whose migrants mainly look for jobs in Russia. The exception is Kazakhstan, which in recent years has become a host state for migrants, changing the economic balance in the region. In 2016, the influx of labor migrants to Kazakhstan doubled compared to 2000 and continues to grow. Many labor migrants from neighboring Central Asian states consider Kazakhstan more attractive than Russia. According to the International Organization for Migration in Almaty, the total amount of labor migrants in Kazakhstan in 2017 was two million people, mainly from neighboring countries. As a result, Kazakhstan is increasing its economic influence in the region. However, the situation may change when the Russian economy improves. At the same time, the economies of Kyrgyzstan and Tajikistan are dependent on remittances from labor migrants. According to the latest data, the amount of remittances from Russia is almost 37% of Tajikistan's GDP. Vulnerable migrants Women and children are still the most vulnerable migrants, says a report that monitored the implementation of the law of the Kyrgyz Republic on state support of compatriots abroad, which was recently discussed by the Kyrgyz Parliament. Women migrants experience serious difficulties with reproductive health. Women who have given birth to a child in a foreign state experience much more difficulties than their compatriots who gave birth to children in their homeland. Their children are also vulnerable, the report says. The legal status of migrants is important in obtaining access to medical services. If migrants have not entered into labor contracts with their employers and accordingly do not have social protection, they do not have access to medical services. Authorities of Kyrgyzstan should provide support to socially unprotected categories of compatriots on the basis of international treaties and in accordance with the legislation of the country. However, control over the implementation of the law showed that the Ministry of Labor and Social Development of Kyrgyzstan does not consider compatriots abroad to be beneficiaries of social protection services, the report says. Law execution The Law "On state policy to support compatriots abroad", adopted five years ago, remains valid but its legal regulation is outdated and requires improvement, MPs told a press conference in Bishkek....

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