MOSCOW, April 7 (RIA Novosti) - The International Finance Corporation plans to invest $700 to $800 million in Russia this year, a senior IFC executive said Friday.
Executive Vice President Lars Thunell said the company would add the amount to its current Russia investment portfolio of $1.8 billion, channeling the money into projects to develop small and medium-sized businesses, medium capital markets, the energy sector and infrastructure.
Environmental friendliness and financial transparency are two defining factors in IFC investment decision-making, Thunnel said.
The 178-member nation IFC is the World Bank's private-sector arm and aims to promote sustainable private sector investment to improve living standards.
