Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
Russia open for cooperation with Germany in war on terror, Lavrov saysRussian Politics & Diplomacy June 28, 19:22
Baltic Fleet’s fighter jets hold air combat drills in Russia’s westernmost regionMilitary & Defense June 28, 18:57
Russian telecom watchdog to include Telegram in registerBusiness & Economy June 28, 18:51
Skolkovo Foundation proactively cooperating with China — IT projects directorBusiness & Economy June 28, 18:41
STRELNA, September 6 (Itar-Tass) - The Business Twenty (B20) has prepared ·recommendations that should contribute to the growth of world GDP by 3% per year through improved efficiency of infrastructure investment, a Russian representative in the B20, head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriyev said at a meeting of Russian President Vladimir Putin with representatives of the Group of Twenty (G20) business community and trade unions.
According to him, the target group for investment and infrastructure within the G20 framework “has developed a three-set plan, which, we believe, will help boost global GDP by 3% per year.”
Dmitriyev stressed the need to restore economic growth by settling, among other things, problems of infrastructure investments. According to him, the global economy needs 60 trillion US dollars of investment before 2030.
“The first set of our recommendations is to remove restrictions on the movement of capital,” said the B20 representative. Experts also consider it necessary to increase mutual investments between countries. “In particular, Russia has created joint funds with China, France, Japan and some other countries,” Dmitriyev said.
The second set of recommendations is to attract private investment. “States in the face of limited budgets should attract more private investments and standardise the processes of their attraction,” Dmitriyev said. “We also recommend creating a joint fund worth 200 million dollars for investing in the project documentation, because it is the thing that often hinders the development of projects and keeps private money off projects,” said the Russian representative in the B20.
The third set of recommendations is about improving the efficiency of infrastructure investment. “A trillion dollars is lost in the world every day due to inefficient investment in infrastructure. Through the establishment of centres of excellence, involvement of the World Bank and other institutions, we believe it is possible to dramatically and cardinally improve the efficiency of infrastructure projects,” Dmitriyev said.