Russia must find alternative for debt financing of econ growth

MOSCOW, Apr 2 (PRIME) -- Russia must find an alternative for the development of the economy with the help of debt, Central Bank Chairwoman Elvira Nabiullina said Thursday at an exchange forum.

“It transpires that an excessive debt burden may not only be an incentive for development and investment, but also a brake for such investment,” she said.

“We need to treat financing of growth through debt with care. We lack investment, we see that our companies’ free float is low, they have no culture or wish to share property and attract investment. I think that this is a key point if we want our investment to be private and not only from the state.”

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