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CIS

The CIS is continuously making efforts for peaceful transition from the socialist order to the market economy as the states have come to adopt democratic governance. While poverty was a significant problem when these countries first began their transition, the average individual income level increased in or around 2004, thanks to the accelerated economic growth following these countries’ integration into the market economy. From 2004 through 2007, the average income level grew almost twofold. The outbreak of the global financial crisis in 2009, however, has resulted in increased financial instability and unemployment in this region, with income inequalities worsened.

As the state of economic development differs markedly from country to country in this region, Korea intends to concentrate its resources on the less developed countries here. The assistance will mostly be provided to help establish various systems for facilitating greater integration into the international market economy, to support education and public health, and to develop human resources.

Country 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Uzbekistan 4.29 3.21 3.99 5.90 32.21 21.99 19.09 10.70 14.47 14.96
Kyrgyzstan 0.61 0.15 0.71 0.72 1.83 1.21 1.00 1.33 2.36 7.97
Azerbaijan 0.30 0.78 3.87 1.67 4.07 11.29 6.20 10.32 16.67 6.71
Tajikistan 0.07 0.22 0.18 0.15 2.40 0.74 0.47 0.68 0.64 0.83
Turkmenistan 0.02 .. 0.11 0.17 1.01 0.69 0.32 0.11 0.03 0.30

* Source: QWIDS

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