Aleppo police chief comments on school attack in city’s western areaWorld October 28, 9:03
Syrian campaign experience helps Russian helicopter pilots to overpower enemy air defensesMilitary & Defense October 28, 8:19
Moscow speaks for further discussions on UN Security Council reformRussian Politics & Diplomacy October 28, 7:27
Local elections in Donbass still some way off, says Ukrainian ministerWorld October 28, 2:39
Israel’s emotions regarding UNESCO resolutions on Jerusalem are 'over top' — diplomatRussian Politics & Diplomacy October 28, 2:28
Russia speaks against politicization of probe into chemical attacks in Syria - GatilovRussian Politics & Diplomacy October 28, 2:25
Russia's envoy to UN: Conclusions on Syria’s involvement in chemical attacks unconvincingRussian Politics & Diplomacy October 28, 2:00
Russian Defense Ministry surprised by UNICEF inaction amid growing hostilities in SyriaRussian Politics & Diplomacy October 27, 23:14
Russian Defense Ministry: Video of airstrike on Syrian school doctored upRussian Politics & Diplomacy October 27, 21:22
LONDON, May 21 (Itar-Tass) - A key role in Russia’s economic growth should be played by private rather than government investments, Russian former Finance Minister Alexei Kurdin said on Tuesday at the Russia Calling! Investment conference organized here by one of Russia’s biggest banks, VTB.
Another key step, in his words, is to establish a federal financial agency that will be in charge of fiduciary management of the Reserve Fund and the National Welfare Fund and will manage the public debt.
“I have been always aloof about state-run institutions of development,” Kurdin said. “Key factors of the present-day development are the private sector and investments.”
“It will be the investment climate and private investments that are to play a decisive role. The government has adopted a number of roadmaps to improve the investment climate. But they are not implemented well enough. I think this is where the government should concentrate its efforts,” he stressed. “Russia needs a financial agency. It is a general international practice to manage resources.”