IIF sees sharp rise in emerging-market capital flows

Emerging-market capital flows will this year soar above the figures achieved in 2008 and 2009, the Institute for International Finance (IIF) has predicted.

The IIF, a global trade body for the banking industry, said on Tuesday that it expected private capital flows to emerging markets to soar to about $720 billion this year, up from an estimated $435 billion in 2009 and $667 billion the previous year.

"As far as we are aware, the macroeconomic outlook for capital flows to most emerging economies

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