- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

IFC to increase investment in Russia by $800mln in 2006

Subscribe
ST. PETERSBURG, December 8 (RIA Novosti, Olga Vtorova) - The International Finance Corporation (IFC), a member of the World Bank Group, plans to increase its investment in Russia by $800 million in 2006, an IFC official said Thursday.

Yelena Burganskaya said that in 2005, the IFC's credit portfolio in Russia totaled $1.8 billion.

"We propose allocating an additional $800 million in 2006. We expect that in 2006 the banking sector's share in the total volume of investment will reduce slightly due to increased investment in the real economy," she said.

During 2005, the financial market accounted for 45% of the IFC's investment in Russia, production for 30% and infrastructure for 11%.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала