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IBRD to credit the development of Internet in Eastern Europe and countries of Commonwealth of Independent States
 
hile in the West investors start to doubt the appeal of investing in Internet projects, this industry is still considered perspective in Eastern European and CIS states. As AK&M agency reported, the International Bank for Reconstruction and Development (IBRD) reserved some $30 million to invest in Internet-companies in Central and Eastern European countries as well as in countries of CIS. IBRD is supposed to participate in financing Internet projects, which are to attract investments estimated at more than $100 million (117.6 million euro). This should be the way IBRD is going "to inspire the growth of a new economy in region, provide the bank with possibility to respond to the possibilities of investments in this industry, and support perspective administrative teams"

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