Page 42 - RusRPTJune18

5.2.4 Gross international reserves
The high oil price will lead to a rise in the liquid assets of the National Welfare Fund (NFW, which after the liquidation of the Reserve Fund last year is Russia’s only sovereign wealth fund). In March, Siluanov reiterated that by law the minimum level of the NWF is 7% of GDP or around Rb7trn. As of the May 1, the value of the Fund was just under Rb4trn , or 4.1% of GDP, meaning there will be no immediate windfall for infrastructure or other spending. If and when the 7% target is reached, expect a new flood of appeals for state support and investment.
5.3 FDI
Russia -FDI 2011 2012 2013 2014 2015 2016 2017*
FDI Net (BoP) (USD mn)
11,767 -1,765 17,288 35,051 15,232 -10,225 /
FDI net inflows (BoP)
55,084 50,588 69,219 22,031 6,854 32,539 25,338 (Jan-Sep)
FDI net inflows (% of GDP)
2.69 2.29 3.01 1.07 0.50 2.54 /
FDI net outflows (% of GDP)
3.26 2.21 3.77 2.78 1.62 1.74 /
source: World Bank
42 RUSSIA Country Report June 2018 www.intellinews.com