WITH RUSSIAN DIRECT INVESTMENT FUND
|
|
- Kristian Strickland
- 7 years ago
- Views:
Transcription
1 WITH RUSSIAN DIRECT INVESTMENT FUND
2 I would like to emphasize that the long-term goals for the development of the country remain unchanged. Russia maintains macroeconomic stability, and we consider this one of our achievements. To revitalize the economy, we intend to utilize our own financial resources and channels and step up cooperation with foreign investors and banks. The work of the Russian Direct Investment Fund shows that major financial institutions have not lost confidence in Russia, with joint investment projects and platforms attracting around $15 billion. V L A D IM IR PU TIN, P R E S ID E N T OF R U S S IA
3 The main macroeconomic indicators - national debt and the budget deficit - are stable. Moreover, we have been able to maintain a very significant level of international reserves. The Russian Direct Investment Fund shares with investors not only the profits but also the risks... The majority of our foreign colleagues take a positive view on the creation of RDIF as a reliable partner, an anchor investor! D M IT R Y M ED V E D E V, P R IM E M IN IS T E R OF R U S S IA
4 Russia is the world s 6th largest economy by GDP (PPP). Foreign direct investment into Russia amounted to $94 billion in 2013 (increased by 8 3 % YOY), which places Russia 3rd in a global ranking on FDI inflow after USA and China. The Russian economy is expected to grow to $3.9 trillion in Russia has one of the largest domestic markets in the world, ranking 7th among 144 countries. Russia has one of the lowest levels of public debt of any major economy. Russia s middle class tripled in the last 5 years. GDP per capita (PPP) is the largest among BRICS countries. Nominal GDP per capita increased compared to that of the United States from 1/20 in 2000 to more than 1/4 in Low unemployment rate of 5.5%. Sources: IMF, Rosstat, UNGAD, World Economic Forum Global Competitiveness Report IN V E S T IN R U S S IA
5 GROWTH OF MODERN RUSSIA IN NUMBERS GDP per capita, based on PPP, $ 9,258 24,298 Nominal GDP per capita, $ 1,334 14,591 Federal budget expenditures, $bn International reserves of Russia, $bn Average nominal monthly wage, $ Assets of Russian banking system, $bn 59 1,754 Capitalization of Russian stock market, $bn Public debt, % of GDP 99.0% 13.9% Inflation 36.5% 6.5% Unemployment 13.0% 5.5% Sources: IMF, Central Bank of Russia, Russian Federal Treasury, Rosstat, Moscow Exchange INVEST IN RUSSIA
6 GROWTH OF MODERN RUSSIA IN NUMBERS R U S S IA S GDP PER CAPITA A L M O S T T R IP L E D S IN C E 1999 IN T ER N A T IO N A L R ESER V ES OF R U SSIA IN C R E A SED M ORE THAN 4 0 T IM E S 2013 $ 510bn 1999 $ 12bn Sources: IMF, Central Bank of Russia IN V E S T IN R U S S IA
7 GROWTH OF MODERN RUSSIA IN NUMBERS TOTAL VALU E OF A S S E T S OF R U S S IA N B A N K IN G S Y S T E M RO SE 30 T IM E S CAPITALIZATIO N OF THE R U SSIA N STO CK M A R K ET GREW A L M O ST 20 T IM E S 2013 $ 772bn 1999 $ 40bn Sources: Central Bank of Russia, Moscow Exchange INVEST IN RUSSIA
8 INVESTOR PERSPECTIVE ON RUSSIA 7 0 * 8 2 % 7 2 % 8 4 % Over 7 0 % of investors who previously invested in Russia are happy about their decision. of investors are convinced that the large domestic market, developing consumer finance sector, growing levels of savings and personal income present attractive investment opportunities. of investors positively value the economic policy and legislative changes introduced by the Russian government to improve the investment climate. of respondents noted that joining the WTO had a significant positive impact on the Russian investment climate. Source: Investment Climate in Russia 2012: Existing and Potential Investors Survey by Foreign Investment Advisory Counsel IN V E S T IN R U S S IA
9 INVESTOR PERSPECTIVE ON RUSSIA LEVELOF INVESTORS SATIS FACTION MEDIUM ] MIXED LOW A SSESSM EN T OF DEVELOPMENTS IN RUSSIAN ECONOMIC POLICY AND LEGISLATIVE SYSTEM 4 7% 2007 MOVING IN THE RIGHT DIRECTION % 25% HARD TO SA Y 22% 28% SLO W ED DOWN IN THE LA ST YEAR 6% Source: Investment Climate in Russia 2012: Existing and Potential Investors Survey by Foreign Investment Advisory Counsel INVEST IN RUSSIA
With russian direct investment fund
With russian direct investment fund Today the positive dynamic of the Russian economy, the accumulated safety factors and our reserves allow us to set new ambitious goals. The Russian Direct Investment
More informationEDICT OF THE PRESIDENT OF THE REPUBLIC OF BELARUS. August 29, 2008 No. 460 Minsk
EDICT OF THE PRESIDENT OF THE REPUBLIC OF BELARUS August 29, 2008 No. 460 Minsk On Approval of the Republic of Belarus Monetary Policy Guidelines for 2009 1. To approve the Republic of Belarus Monetary
More informationLatvia during the global economic and financial crisis
Latvia during the global economic and financial crisis Second Japan Baltic Seminar 1 December 2009, Tokyo 1 Different experience behind, challenges ahead 15 10 5 Transition -56% in 1991-1993 GDP 1991-2012
More informationP R E F E I T U R A M U N I C I P A L D E J A R D I M
C O N T R A T O N 7 8 / 2 0 1 4 C o n t r a t o d e P r e s t a ç ã o d e S e r v i ç o s A d v o c a t í c i o s q u e e n t r e s i c e l e b r a m o M u n i c í p i o d e J A R D I M - M S e A IR E
More informationBusiness Briefing: Germany
159870 Business Briefing: Germany May 2015 Overview Area Population Population density 357,340.0 sq km 2014: 80.9 million people Population growth rate 2014: -0.2%* Fertility rate Birthrate Age group distribution
More informationSection 2 Evaluation of current account balance fluctuations
Section 2 Evaluation of current account balance fluctuations Key points 1. The Japanese economy and IS balance trends From a macroeconomic perspective, the current account balance weighs the Japanese economy
More informationThe Macroeconomic Situation and Monetary Policy in Russia. Ladies and Gentlemen,
The Money and Banking Conference Monetary Policy under Uncertainty Dr. Sergey Ignatiev Chairman of the Bank of Russia (The 4 th of June 2007, Central Bank of Argentina, Buenos Aires) The Macroeconomic
More informationCHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY
CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY Learning goals of this chapter: What forces bring persistent and rapid expansion of real GDP? What causes inflation? Why do we have business cycles? How
More informationFISCAL POLICY: HAS BRAZIL GRADUATED FROM PRO- CYCLICAL POLICIES? Marcio Holland Secretary of Economic Policy Ministry of Finance, Brazil
FISCAL POLICY: HAS BRAZIL GRADUATED FROM PRO- CYCLICAL POLICIES? Marcio Holland Secretary of Economic Policy Ministry of Finance, Brazil XXXIX Meeting of the Network of Central Banks and Finance Ministries
More informationIndex. Copyright material from - licensed to npg - PalgraveConnect - 2016-09-16
Index AMIA (Mexican Association of the Automotive Industry), 90, 108 automobile demand ageing of population, 9 emerging economies, 206 7 financing, 8 post-recession, 1 2 role of income distribution and
More informationDear Shareholders. 2 Letter to the Shareholders
Interim Report as at June 30, 2015 2 Letter to the Shareholders Dear Shareholders The value of the company s investment portfolio in CHF terms during the first half of 2015 remained virtually unchanged
More informationEC2105, Professor Laury EXAM 2, FORM A (3/13/02)
EC2105, Professor Laury EXAM 2, FORM A (3/13/02) Print Your Name: ID Number: Multiple Choice (32 questions, 2.5 points each; 80 points total). Clearly indicate (by circling) the ONE BEST response to each
More informationRIA Novosti Press Meeting. Economic Outlook and Policy Challenges for Russia in 2012. Odd Per Brekk Senior Resident Representative.
RIA Novosti Press Meeting Economic Outlook and Policy Challenges for Russia in 2012 Odd Per Brekk Senior Resident Representative January 26, 2012 This morning I will start with introductory remarks on
More informationPOLAND Modern and Strong Economy
POLAND Modern and Strong Economy Business opportunities for Korean companies in Poland Consulate General of the Republic of Poland in Istanbul Mr Grzegorz Rybarski 1st Counsellor/Consul Filip Hewelke Embassy
More informationChapter 1: The balance of payments: an account of transactions with the rest of the world
Chapter 1: The balance of payments: an account of transactions with the rest of the world 1. National income accounting for an open economy 1. 2. The nation income identity for an open economy The GDP
More information1 MAS Survey of Professional Forecasters: December 2006
1 MAS Survey of Professional Forecasters: December 2006 Economic Policy Department June 2014 Probability (Per Cent) 2 MAS Survey of Professional Forecasters: June 2014 The June 2014 Survey was sent out
More informationRecent Developments in Local Currency Bond Markets (LCBMs) 1. October 2013
Recent Developments in Local Currency Bond Markets (LCBMs) 1 October 2013 Given the importance of local currency bond markets (LCBMs), including in the context of the work now underway on financing for
More informationLoan Capital Formation Strategy of Companies I.D. Anikina*
Abstract Loan Capital Formation Strategy of Companies I.D. Anikina* Defines of principles, goals, objectives, stages and factors of loan capital companies. Analyzed the main methods of forming loan capital
More informationEconomics 152 Solution to Sample Midterm 2
Economics 152 Solution to Sample Midterm 2 N. Das PART 1 (84 POINTS): Answer the following 28 multiple choice questions on the scan sheet. Each question is worth 3 points. 1. If Congress passes legislation
More information1 MAS Survey of Professional Forecasters: December 2006
1 MAS Survey of Professional Forecasters: December 2006 Economic Policy Department June 2015 Probability (Per Cent) 2 MAS Survey of Professional Forecasters: June 2015 The June 2015 Survey was sent out
More informationChilean Economy: Sailing in a Volatile World
R O D R I G O V A L D É S P U L I D O M I N I S T E R O F F I N A N C E O F C H I L E Chilean Economy: Sailing in a Volatile World London, September 7th 2015 University College of London M I N I S T R
More informationForecasting Chinese Economy for the Years 2013-2014
Forecasting Chinese Economy for the Years 2013-2014 Xuesong Li Professor of Economics Deputy Director of Institute of Quantitative & Technical Economics Chinese Academy of Social Sciences Email: xsli@cass.org.cn
More information3 Macroeconomics LESSON 8
3 Macroeconomics LESSON 8 Fiscal Policy Introduction and Description Fiscal policy is one of the two demand management policies available to policy makers. Government expenditures and the level and type
More informationData on selected insurance markets
Data on selected insurance markets Economic Research Munich, March 205 Germany CAGR* 2004 204: 2.6% CAGR* 2004 204:.% Macroeconomics & wealth, 204 Asset classes as % of gross financial assets, 204 82.7mn
More informationMacroeconomia Capitolo 7. Seguire l andamento della macroeconomia. What you will learn in this chapter:
Macroeconomia Capitolo 7 Seguire l andamento della macroeconomia PowerPoint Slides by Can Erbil 2006 Worth Publishers, all rights reserved What you will learn in this chapter: How economists use aggregate
More informationMain Economic & Financial Indicators Russian Federation
Main Economic & Financial Indicators Russian Federation 02 NOVEMBER 201 NAOKO ISHIHARA ECONOMIST ECONOMIC RESEARCH OFFICE (LONDON) T +44-(0)20-777-2179 E naoko.ishihara@uk.mufg.jp Overview The Bank of
More informationHow does the gold price compare to other macroeconomic indicators?
How does the gold price compare to other macroeconomic indicators? Introductory comments to Session 2 John Gault The following contribution formed part of the Chatham House Gold Taskforce s investigation
More informationKazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS
Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS Agenda I. Why Kazakhstan is attractive for investors? II. Investing in Kazakhstan III. Contact details Why Kazakhstan is attractive for investors 1. Natural
More informationINTERNATIONAL MONETARY FUND. Russian Federation Concluding Statement for the 2012 Article IV Consultation Mission. Moscow, June 13, 2012
INTERNATIONAL MONETARY FUND Russian Federation Concluding Statement for the 2012 Article IV Consultation Mission Moscow, June 13, 2012 The Russian economy has recovered from the 2008-09 crisis and is now
More informationThe Mexican Economy: Facts and Opportunities
Manuel Sánchez Santander Global Fixed Income Summit London, England, September 20, 2012 Contents 1 Structural features 2 Recent developments and outlook 3 Inflation and monetary policy 4 Economic challenges
More informationHow To Understand Current Account Balance In Armenia
CURRENT ACCOUNT: THE REGIONAL DEVELOPMENTS AND TRENDS Prepared by Armenuhi Burnazyan and Arevik Aleksanyan In our project we tried to analyze Current Account (CA) balance trends for Armenia, Georgia and
More informationHow To Understand The Economic Benefits Of Foreign Direct Investment In The United States
EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS U.S. INBOUND FOREIGN DIRECT INVESTMENT JUNE 211 EXECUTIVE SUMMARY The United States welcomes the investment and the jobs supported by the
More informationExam 1 Review. 3. A severe recession is called a(n): A) depression. B) deflation. C) exogenous event. D) market-clearing assumption.
Exam 1 Review 1. Macroeconomics does not try to answer the question of: A) why do some countries experience rapid growth. B) what is the rate of return on education. C) why do some countries have high
More informationChapter 7 The Asset Market, Money, and Prices
Chapter 7 The Asset Market, Money, and Prices Multiple Choice Questions 1. A disadvantage of the barter system is that (a) no trade occurs. (b) people must produce all their own food, clothing, and shelter.
More informationThe Brazilian Economy and Investment Opportunities
The Brazilian Economy and Investment Guido Mantega Minister of Finance Brazilian Infrastructure Concession Program US$ 235 billion in the coming years Largest concession program in recent decades Investment:
More information2014 Asia Securities Forum Presented by the Korea Financial Investment Association
2014 Asia Securities Forum Presented by the K O R E A I. Korean Capital Market I. Current Status II. Prospects II. Korean Financial Investment Industry C O N T E N T S III. Capital Market Regulations 2
More informationMin. Guido Mantega. November 2009
New Cycle of Brazilian Economic Growth Financial i Times Min. Guido Mantega November 2009 Reasons to begin a new growth cycle Brazil faced the crisis with a strong economy; Emerged from it stronger than
More informationRenminbi Depreciation and the Hong Kong Economy
Thomas Shik Acting Chief Economist thomasshik@hangseng.com Renminbi Depreciation and the Hong Kong Economy If the recent weakness of the renminbi persists, it is likely to have a positive direct impact
More informationNATIONAL TREASURY STRATEGIC PLAN 2011/14
NATIONAL TREASURY STRATEGIC PLAN 2011/14 PRESENTATION TO PARLIAMENTARY FINANCE COMMITTEES Presenter: Lungisa Fuzile Director General, National Treasury 31 May 2011 TREASURY AIMS AND OBJECTIVES Chapter
More informationCross-Border Capital Flows Statistics and Its Implication for Monitoring in China
First IMF Statistical Forum Statistics for Global Economic and Financial Stability Cross-Border Capital Flows Statistics and Its Implication for Monitoring in China Wang Xiaoyi State Administration of
More informationThe Marketing Environment
The Marketing Environment Work Force Know how Plant & Machinery Finance Politics The Economy Customers Natural Resources Technology The law Competitors Distributors Government Business Studies Online:
More informationMGE #13 Capital mobility and interest rates
MGE #13 Capital mobility and interest rates Loanable funds market and interest rates in the long-run Capital flows and monetary policy, with fixed exchange rates The Mexican crisis of 1994 1 From the last
More information> Erste Bank Croatia Building a retail bank with 15% market share and a meaningful contributor to group profits
> Erste Bank Croatia Building a retail bank with 15% market share and a meaningful contributor to group profits > 2 nd Capital Markets Day > Budapest > Sava Dalbokov, Member of the EBCR Managing Board
More informationName: Date: 3. Variables that a model tries to explain are called: A. endogenous. B. exogenous. C. market clearing. D. fixed.
Name: Date: 1 A measure of how fast prices are rising is called the: A growth rate of real GDP B inflation rate C unemployment rate D market-clearing rate 2 Compared with a recession, real GDP during a
More informationEXCHANGE INSIGHTS: Dr Ibrahim Turhan Chairman & CEO Borsa Istanbul
EXCHANGE INSIGHTS: Dr Ibrahim Turhan Chairman & CEO Borsa Istanbul February 2015 Federation of Euro-Asian Stock Exchanges (FEAS); Board Member Member of the World Economic Forum s Global Agenda Council
More information13. If Y = AK 0.5 L 0.5 and A, K, and L are all 100, the marginal product of capital is: A) 50. B) 100. C) 200. D) 1,000.
Name: Date: 1. In the long run, the level of national income in an economy is determined by its: A) factors of production and production function. B) real and nominal interest rate. C) government budget
More informationGreece Current trajectory & macroeconomic outlook
Greece Current trajectory & macroeconomic outlook 2 η Διημερίδα Επίκαιρα Ζητήματα Φορολογικού Δικαίου 12-13 Δεκεμβρίου 2015 e-θέμις Dr. Platon Monokroussos Group Chief Economist Eurobank Ergasias S.A.
More informationThe Healthcare market in Brazil
www.pwc.com.br The Healthcare market in Brazil Brazilian Healthcare market: one of the most promising and attractive in the world Context Fifth largest country in area and population, with 8.51 million
More informationSecurity Industry Association. Mission Statement
RUSSIA SECURITY MARKET SECURITY INDUSTRY ASSOCIATION REPORT Security Industry Association Mission Statement To proactively represent SIA members in the global security and life safety markets in order
More informationI. World trade developments
I. World trade developments World merchandise exports stagnated in value terms in 2012 while exports of commercial services increased by 2 per cent. Key developments in 2012: a snapshot Trade data List
More informationChapter 24. What will you learn in this chapter? Valuing an economy. Measuring the Wealth of Nations
Chapter 24 Measuring the Wealth of Nations 2014 by McGraw-Hill Education 1 What will you learn in this chapter? How to calculate gross domestic product (GDP). Why each component of GDP is important. What
More information2. The European insurance sector 1
2. The European insurance sector 1 As discussed in Chapter 1, the economic conditions in European countries are still fragile, despite some improvements in the first half of 2013. 2.1. Market growth The
More informationRemarks at 5th SEEK Conference on Overcoming the Crisis: How to Foster Innovation and Entrepreneurship in a Diverging European Economy?
Remarks at 5th SEEK Conference on Overcoming the Crisis: How to Foster Innovation and Entrepreneurship in a Diverging European Economy? Peter Praet Member of the Executive Board 5 years ahead growth expectations
More informationTHE COUNTRY STRATEGY OF THE INTERNATIONAL INVESTMENT BANK for the Russian Federation
THE COUNTRY STRATEGY OF THE INTERNATIONAL INVESTMENT BANK for the Russian Federation (Main provisions) This country strategy for 2013-2015 has been drawn up as an elaboration of the Development Strategy
More informationThe CAO s Experience in Auditing Public Debt
The CAO s Experience in Auditing Public Debt Introduction :- The state general budget comprises of : administrative body budget, public service entity budget and local administration units budget. This
More informationCZECH ECONOMY CZECH ECONOMY. Ing. Jaroslav Vomastek Director of the Department of Economic Analysis
1 Overview of the Czech Economy GDP Employment Balance of Payments FDIs Balance of Budget Industry Foreign Trade 2 Main Characteristics of the Czech Economy High economic growth until mid 2008 catching
More informationHaiti s Economic Development since 2004/05 and Macroeconomic Outlook
Haiti s Economic Development since 2004/05 and Macroeconomic Outlook By Ugo Fasano Former IMF Resident Representative in Haiti the American-Haitian Chamber of Commerce Port-au-Prince, July 1, 2009 Plan
More informationBUSINESS FINANCING IN TANZANIA (CHALLENGES & OPPORTUNITIES)
BUSINESS FINANCING IN TANZANIA (CHALLENGES & OPPORTUNITIES) 1 The Agenda Why long term financing? The current status and existing alternatives Challenges of raising long term capital in Tanzania Capital
More informationThe International Monetary Order and the Canadian Economy
Notes for Remarks by David Dodge Governor of the Bank of Canada to the Canada-U.K. Chamber of Commerce London, U.K. 28 June 2005 The International Monetary Order and the Canadian Economy As business people
More informationMULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
Suvey of Macroeconomics, MBA 641 Fall 2006, Final Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Modern macroeconomics emerged from
More informationPractice Problems Mods 25, 28, 29
Practice Problems Mods 25, 28, 29 Multiple Choice Identify the choice that best completes the statement or answers the question. Scenario 25-1 First National Bank First National Bank has $80 million in
More informationECON 201: Introduction to Macroeconomics Final Exam December 13, 2012 NAME:
ECON 201: Introduction to Macroeconomics Final Exam December 13, 2012 NAME: Circle your TA s name: Amy Thiago Samir Circle your section time: 9 a.m. 3 p.m. INSTRUCTIONS: 1) The exam lasts 2 hours. 2) The
More informationEffects on pensioners from leaving the EU
Effects on pensioners from leaving the EU Summary 1.1 HM Treasury s short-term document presented two scenarios for the immediate impact of leaving the EU on the UK economy: the shock scenario and severe
More informationSavings, Investment Spending, and the Financial System
Savings, Investment Spending, and the Financial System 1. Given the following information about the closed economy of Brittania, what is the level of investment spending and private savings, and what is
More information2 Economic Perspectives. Introduction and summary
2 Economic Perspectives Introduction and summary International trade the current account and the capital account Federal Reserve Bank of Chicago 3 percent of GDP 16 12 8 4 FIGURE 1 Imports, goods and services
More informationEcon 202 Section 4 Final Exam
Douglas, Fall 2009 December 15, 2009 A: Special Code 00004 PLEDGE: I have neither given nor received unauthorized help on this exam. SIGNED: PRINT NAME: Econ 202 Section 4 Final Exam 1. Oceania buys $40
More informationRepublic of Tajikistan: Joint Bank-Fund Debt Sustainability Analysis
February 2006 Republic of Tajikistan: Joint Bank-Fund Debt Sustainability Analysis Tajikistan s risk of debt distress is moderate. Under the baseline scenario, all the external debt burden indicators are
More informationEIOPA Risk Dashboard September 2015 Q2 2015 data PUBLIC. EIOPA-FS-15/651 Frankfurt, 16th September 2015
EIOPA Risk Dashboard September 2015 Q2 2015 data PUBLIC EIOPA-FS-15/651 Frankfurt, 16th September 2015 Summary The release of this EIOPA Risk Dashboard is based on 2015- Q2 indicators submitted on a best
More informationBPE_MAC1 Macroeconomics 1 Spring Semester 2011
Masaryk University - Brno Department of Economics Faculty of Economics and Administration BPE_MAC1 Macroeconomics 1 Spring Semester 2011 Tutorial Session 4-18.03.2011, 11:05-11:50 a.m. Matching a. financial
More informationThe level of price and inflation Real GDP: the values of goods and services measured using a constant set of prices
Chapter 2: Key Macroeconomics Variables ECON2 (Spring 20) 2 & 4.3.20 (Tutorial ) National income accounting Gross domestic product (GDP): The market value of all final goods and services produced within
More informationHSBC GLOBAL RESEARCH RUSSIA TRIP NOTES. Struggles with growth 1
HSBC GLOBAL RESEARCH RUSSIA TRIP NOTES Struggles with growth 1 Russian economy is macroeconomically stable backed by broadly prudent fiscal and monetary policies yet with weak growth, structurally constrained
More informationRohan Shah, Yury Gloumakov, Yury Shprygov & Sabina Shukyurova
Rohan Shah, Yury Gloumakov, Yury Shprygov & Sabina Shukyurova OUTLINE Overview of Russian Pharma Financing through FDI Cluster Theory and Application Policy Recommendations OVERVIEW OF RUSSIAN PHARMA Size
More informationMGE#12 The Balance of Payments
MGE#12 The Balance of Payments The Current Account, the Capital Account and the Balance of Payments Introduction to the Foreign Exchange Market Savings, Investment and the Current Account 1 From last session
More informationBrazil Economic Overview
Brazil Economic Overview New York Alexandre Tombini Governor February 2013 1 Macroeconomic Policy and Social Development Macroeconomic fundamentals, combined with adequate prudential policies and strong
More informationSnapshot Report on Russia s Healthcare Infrastructure Industry
Snapshot Report on Russia s Healthcare Infrastructure Industry According to UK Trade & Investment report, Russia will spend US$ 15bn in next 2 years to modernize its healthcare system. (Source: UK Trade
More informationEconomic Overview. East Asia managed to weather the global recession by relying on export-oriented
Economic Overview Economic growth remains strong in East Asia and retains healthy momentum thanks to strong commodity prices and increases in exports. leads the region in growth and its GDP is expected
More informationMonetary Policy in the Post-Crisis Period
Monetary Policy in the Post-Crisis Period A. Hakan Kara Research and Monetary Policy Department EAF Conference October 10, 2011 Contents I. Changing View of Central Banking II. Capital Flows to Emerging
More informationThe World is Flat and Beckoning
The World is Flat and Beckoning Albert J. Simone President Convocation Remarks May 26, 2006 In the recent book The World Is Flat, it is pointed out that people, governments, and institutions are globally
More informationThe Japanese economy?
The Japanese economy? Franz Waldenberger Japan Center and Munich School of Management --University Munich LMU waldenberger@bwl.lmu.de 1 Outline 2 1. GDP economic recovery 2. GDP per head two lost decades
More informationDEVELOPMENTS IN 1990 s
MACROECONOMIC MANAGEMENT WITH OPEN CAPITAL ACCOUNTS: THE TURKISH CASE FAIK OZTRAK Director TUSIAD-Koc University, Economic Research Forum HIGH LEVEL SEMINAR ON CRISIS PREVENTION, SINGAPORE, JULY 1, 26
More informationPOLISH INFORMATION AND FOREIGN INVESTMENT AGENCY R&D SECTOR IN POLAND
POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY Foto: AA+W Fotolia.com R&D SECTOR IN POLAND The R&D sector in Poland characteristics and possibilities of support Characteristics of the Polish economy
More informationProject LINK Meeting New York, 20-22 October 2010. Country Report: Australia
Project LINK Meeting New York, - October 1 Country Report: Australia Prepared by Peter Brain: National Institute of Economic and Industry Research, and Duncan Ironmonger: Department of Economics, University
More informationMonthly Update. January 2014
Monthly Update Politics On the 29 th of January, the President of the Republic of Serbia Mr. Tomislav Nikolic called for earlier Parliamentary elections for the 16 th of March 2014, in order to speed up
More informationSpecifics of national debt management and its consequences for the Ukrainian economy
Anatoliy Yepifanov (Ukraine), Vyacheslav Plastun (Ukraine) Specifics of national debt management and its consequences for the Ukrainian economy Abstract This article is about the specifics of the national
More informationGlobal Exhibition on Services
Ministry of Commerce & Industry Global Exhibition on Services Concept Note 1 GES Concept Note Global Exhibition on Services (GES) - Concept Note The Government of India, Ministry of Commerce and Industry
More informationMinistry of Finance of the Russian Federation PUBLIC DEBT MANAGEMENT POLICY OF THE RUSSIAN FEDERATION FOR 2013 2015
Ministry of Finance of the Russian Federation PUBLIC DEBT MANAGEMENT POLICY OF THE RUSSIAN FEDERATION FOR 2013 2015 2012 - 2 - Table of Contents Introduction... 3 1. Main factors determining the character
More informationCountry update TURKEY
Summary Slower growth in the second quarter helped calm the economy, thereby reducing the risk of overheating. Still, wide current account and trade deficits are a major source of concern. In 211, we expect
More informationMacroeconomics Instructor Miller Fiscal Policy Practice Problems
Macroeconomics Instructor Miller Fiscal Policy Practice Problems 1. Fiscal policy refers to changes in A) state and local taxes and purchases that are intended to achieve macroeconomic policy objectives.
More informationPRACTICE- Unit 6 AP Economics
PRACTICE- Unit 6 AP Economics Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The term liquid asset means: A. that the asset is used in a barter exchange.
More informationFOREIGN DIRECT INVESTMENT IN CAMBODIA
FOREIGN DIRECT INVESTMENT IN CAMBODIA PHNOM PENH SECURITIES PLC. No. 32, Monivong Bld, Phnom Penh, Cambodia Tel: +855-23-426-999 Fax: +855-23-426-495 Website: http://www.pps.com.kh In this Paper: Executive
More informationUniversity of Lethbridge Department of Economics ECON 1012 Introduction to Microeconomics Instructor: Michael G. Lanyi. Chapter 29 Fiscal Policy
University of Lethbridge Department of Economics ECON 1012 Introduction to Microeconomics Instructor: Michael G. Lanyi Chapter 29 Fiscal Policy 1) If revenues exceed outlays, the government's budget balance
More informationFISCAL POLICY AGENCY MINISTRY OF FINANCE MACROECONOMIC MODELLING IN FISCAL POLICY AGENCY
FISCAL POLICY AGENCY MINISTRY OF FINANCE MACROECONOMIC MODELLING IN FISCAL POLICY AGENCY Ardi Sugiyarto Ginanjar Wibowo ESCAP, 8-11 Desember 2015 FISCAL POLICY FORMULATION IN INDONESIA Fiscal Policy and
More informationFINANCIALISATION AND EXCHANGE RATE DYNAMICS IN SMALL OPEN ECONOMIES. Hamid Raza PhD Student, Economics University of Limerick Ireland
FINANCIALISATION AND EXCHANGE RATE DYNAMICS IN SMALL OPEN ECONOMIES Hamid Raza PhD Student, Economics University of Limerick Ireland Financialisation Financialisation as a broad concept refers to: a) an
More informationThe challenge of Brazilian pension funds imposed by the international crises
Brazilian Economic Insights Nº. 68 August 3, 2009 The challenge of Brazilian pension funds imposed by the international crises By Adriana Inhudes, André Albuquerque Sant Anna, Ernani Teixeira Torres Filho
More informationLecture 2. Output, interest rates and exchange rates: the Mundell Fleming model.
Lecture 2. Output, interest rates and exchange rates: the Mundell Fleming model. Carlos Llano (P) & Nuria Gallego (TA) References: these slides have been developed based on the ones provided by Beatriz
More informationRecommendation for a COUNCIL OPINION. on the updated convergence programme of the Czech Republic, 2009-2012
EUROPEAN COMMISSION Brussels, SEC(2010) 344 Recommendation for a COUNCIL OPINION on the updated convergence programme of the Czech Republic, 2009-2012 EN EN EXPLANATORY MEMORANDUM 1. GENERAL BACKGROUND
More informationAssessment of the actual or potential financing needs of Cyprus
EUROPEAN COMMISSION DIRECTORATE GENERAL ECONOMIC AND FINANCIAL AFFAIRS Brussels, 12 April 2013 Assessment of the actual or potential financing needs of Cyprus In compliance with Article 13 of the ESM Treaty,
More informationGUIDELINES for the Single State Monetary Policy in 2016 and for 2017 and 2018. Moscow
GUIDELINES for the Single State Monetary Policy in 2016 and for 2017 and 2018 Moscow Approved by the Bank of Russia Board of Directors on 10 November 2015 THE CENTRAL BANK OF THE RUSSIAN FEDERATION, 2015
More informationRUSSIA and the RESET. Opportunities and Challenges in Europe s Largest Market
RUSSIA and the RESET Opportunities and Challenges in Europe s Largest Market John McCaslin, Senior Commercial Officer U.S. Commercial Service U.S. Embassy Moscow April/May 2011 Not An Easy Place to Do
More informationMonetary Policy of the Bank of Russia
Monetary Policy of the Bank of Russia Ksenia Yudaeva, Ph.D., First Deputy Governor Geneva, February 25 2 Inflation Targeting in Russia: Motivation & Challenges Motivation: Unanchored inflation Expectations
More information