Friday, 10 July 2009Russian Finance Minister Alexei Kudrin forecast on Friday that capital outflow from Russia will slow next year and 2011 could see capital inflow starting again.
"In 2009 outflow will continue and perhaps even into next year," Kudrin, who is also a deputy prime minister, told journalists in the East Siberian Buryat Republic.
The minister said however that outflow next year was expected to be less than in 2009.
The Central Bank said earlier net capital inflow into Russia reached $7.2 billion in the second quarter of 2009 while net outflow in the first six months of the year stood at $27.6 billion.
The Russian government expects the country's economy to shrink by 2.2% in 2009.
Kudrin said non-payment of bank loans calculated to International Financial Reporting Standards (IFRS) would exceed 10% by the end of the year.
"Having overcome the crisis, I hope we will see an inflow of investment in 2011," he said. |
Friday, 10 July 2009
Ria Novosti
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