http://en.rian.ru/business/20080430/106250875.html
Capital inflow into Russia higher than forecasts - analysts
MOSCOW, April 30 (RIA Novosti) - Capital inflow into Russia is expected to be
higher than projected by Russia's monetary authorities, the head of an economic
expert group said following discussions with U.S. and British analysts Tuesday.
Yevsei Gurvich said in the run up to the 12th St. Petersburg International
Economic Forum due to be held on June 6-8 that the IMF projected net capital
inflow into Russia to reach $45 billion in 2008 compared with the $25-40
billion estimate made by Russia's Central Bank and Finance Ministry.
According to the International Monetary Fund, net capital inflow into Russia
could hit $70 billion in 2009.
The expert discussions were held via a video link arranged by RIA Novosti news
agency, which is the general information sponsor of the XII SPIEF.
Gurvich shared the optimism of his western colleagues: "We do not expect any
reduction in direct and portfolio investment into our country. Oil prices are
rising along with investment and consumer demand. Russia has not been involved
in U.S. mortgage securities."
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