Slowing Global Growth Rates Not To Affect EBRD Investment In Russia

Deputy Vice-President of the European Bank for Reconstruction and Development Noreen Doyle announced on Monday that slowing global growth rates would not affect EBRD investment in Russian-based projects. According to her, the EBRD is planning to invest about a billion euros in Russian projects in 2002. Doyle said that this money would be used for projects in many branches of the economy, in particular, the raw materials field, the production sphere and financial institutions sector.