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%.
