At the press conference held in Washington in April, 2006 Mr. R. Radjan, economic adviser and director of IMF R&D Department stated that the investment climate in Russia needs improvement. One of the ways to improve the investment climate is to ensure a greater respect to private property in Russia that will increase the inflow of private investments.
Timothy Gallen the Head of Global Economy Studies of IMF R&D Department noted "the inflation rates in Russia are still estimated in double-figure amount" though the Russian government set the target to achieve 8.5 % in the end of the year. IMF maintains the opinion that the Russian Government could hardly manage to keep the inflation rate at that level unless its financial policy is restricted. In its annual report titled "Economic forecast" IMF noted that inflation rates in Russia may exceed 11 % in the end of 2006. "Without increasing the nominal exchange rate the Central Bank will hardly achieve the targeted 8.5% inflation rate in the end of 2006". According to the expectations of IMF experts the inflation rate in Russia is to increase by 6% in 2006 while in 2007 the inflation growth rates will decrease a little to 5.8%.
Russia has occupied a modest position on the background of the global scales of attracted and utilized foreign investments in the last quarter of the XX century. Its share in the volume of attracted foreign investments in 2007 did not exceed 0.5 %, while its share of accumulated direct foreign (DFI) investments accounted to less than 0.3 %. Investments flew into the "Russian economy almost from 110 countries. The top ten investing countries accounted to more than 80 % of the total investments per year (Table 1).
Полный текст статьи читайте в приложении
