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  Tuesday, February 25, 2020
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World Bank experts said Wednesday that they are forecasting an investment boom in Russia
The bank's report on Russia's economic development said the government's efforts to attract private investors and the high expectations of a further increase in oil prices had raised the attractiveness of the Russian market for investors. Experts said the investment climate had improved after setbacks in recent years, resulting in the upgrade of Russia's credit ratings by international rating agencies Fitch and Moody's in August and October, respectively. Experts said foreign investment in Russia in the first half of 2005 had grown 30%, or $4.5 billion year on year, but noted a small amount of investment beyond the energy sector, adding that $11.5 billion was invested in loans in the same period. Experts said the positive dynamics of investment in Russia, including direct foreign investment, were raising expectations of an investment boom in the country, vital for Russia as the low level of fixed capital investment, less than 20% of GDP, could affect sustained economic growth, taking into account possible competition problems
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