With domestic reserves dwindling, investment from foreign frms is essential to maintain GDP growth, which we forecast will continue to expand at 6.3% per year to 2021. In addition to the most recent deal with Chevron, the government also recently announced a signifcant deal with Gazprom that is also likely to boost the country's short- term prospects (see our online service, May 21, ‘Further Reforms Needed To Attract Foreign Investment’).
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