World Bank expert: Romania's national currency will not recover at the same pace with the exchange market

Vineri, 26 iunie 2009, 11:39 English | Business

Romanian, Ukrainian and Bulgarian national currencies will not recover at the same pace with the exchange market, due to the current account deficit and their needs for financing, World Bank Development Perspectives Group manager Mansoor Dailami declared, Bloomberg informs.

Foreign direct investments in developing countries will increase by 14% up to 440 billion euro and emerging economies - like Brazil, Russia, China and India will increase their investments, the World Bank expert declared.

Dailami said that the measures of central national banks to inject money in their financial systems to relieve the pressure of credit crises had a significant impact in increasing market trust in developing countries. He assured that foreign direct investments will increase considerably due to steady economic recovery.