By Sven Egenter

ZURICH, Jan 26 (Reuters) – Private capital inflows to emerging markets are set to soar by two thirds this year as countries like Brazil and China drive global recovery and fuel “hot money” risks, the Institute of International Finance (IIF) said on Tuesday.

Emerging markets seemed to be aware of risks from short-term, yield-chasing cash inflows, the global banking association said. Mature economies need to come up with credible plans to tackle spiralling debt and liquidity, it said.