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According to the IIF, almost 90% of the investment inflow came from China: $3.8 billion was invested in Chinese stocks and $5 billion - in debt instruments. A total of $0.2bn was invested in shares of other developing countries and $1.2bn - in debt instruments.
According to experts, one of the reasons of decrease of interest to investments in developing countries was dismissal of the head of the Central Bank of Turkey. "Despite the disappointing figures, some positive support for flows remains, due to rising commodity prices and constructive balance of payments dynamics," - the IIF said.
On 20 March, Turkish President Recep Tayyip Erdogan dismissed Naci Agbal, the country's central bank governor. The resignation came two days after the Central Bank of Turkey raised its key rate by 2pc to 19%. The Turkish lira depreciated by 10% amid the change.
source: reuters.com
According to experts, one of the reasons of decrease of interest to investments in developing countries was dismissal of the head of the Central Bank of Turkey. "Despite the disappointing figures, some positive support for flows remains, due to rising commodity prices and constructive balance of payments dynamics," - the IIF said.
On 20 March, Turkish President Recep Tayyip Erdogan dismissed Naci Agbal, the country's central bank governor. The resignation came two days after the Central Bank of Turkey raised its key rate by 2pc to 19%. The Turkish lira depreciated by 10% amid the change.
source: reuters.com
