INVESTMENTS IN RUSSIA LESS THAN INVESTMENT POTENTIAL, SAYS WORLD BANK

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MOSCOW, April 26 (RIA Novosti) - Russia's investment potential largely surpasses the level of investments currently entering the country, said Hans Timmer, a World Bank global trend analyst, during his presentation of the World Bank's Global Economic Prospects - 2004 report. This is the first time that Russia was mentioned in this report.

"The investment rates in terms of GDP in Russia make up 20 %. This is too little for a country which has in fact completed the transitional period and whose GDP is growing at the rate of over 5% per year. At present the investment potential of Russia is far greater than real investments," he said.

According to Mr. Timmer, a country that shows growth rates similar to Russia's at the present moment, should demonstrate investments at the level of 60-70% in terms of GDP.

"As nothing of the kind is taking place so far, this shows that Russia is still experiencing difficulties," he said.

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