Bric FDI important source of growth to LICs: IMF paper

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An International Monetary Fund paper, published on Friday, says existing data on foreign direct investment (FDI) from Bric countries – Brazil, Russia, India and China – underestimates the volume and scope of the flows to small and medium-sized enterprises in low-income countries.

Montfort Mlachila and Misa Takebe, the paper's authors, examine Bric FDI to low-income countries with a special focus on Chinese FDI to sub-Saharan Africa. The authors say that despite the rapid increase in FDI flows to

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