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FOREIGN direct investment to developing countries is expected to rise 17 per cent this year as they drive the global economic recovery, the World Bank said overnight.
"Investors are optimistic about prospects for a global economic recovery led by the developing world," the World Bank said in releasing an investment report.
Following a 40 per cent plunge in FDI in 2009 as the global economy struggled to emerge from financial crisis, the rebound in investment flows was being spurred by the fast-growing developing countries.
The World Investment and Political Risk report was based on a