Key Points
Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, the United Nations Conference on Trade and Development (UNCTAD) said Wednesday in its World Investment Report 2023...
India and ASEAN were the most buoyant recipients, with increases of 10 and 5%, respectively, and strong growth in project announcements, it said.. FDI inflows were higher in developing countries compared with those in developed economies..
Globally, FDI declined 12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep drop due to the coronavirus pandemic, according to the report...
Inflows in many smaller developing countries were stagnant, and FDI to the least developed countries (LDCs) declined, it said.. Stressing on the need to focus on investing in sustainable energy for all as much of the growth in international investment in renewable energy has been concentrated in developed countries, UNCTAD called for urgent support to developing countries to bridge the gap by attracting massive investment in clean energy...
On financing, the report called for the de-risking of energy transition investment in developing countries through loans, guarantees, insurance instruments and equity participation of both the public sector through public private partnerships and blended finance and multilateral development banks..
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FDI in developing countries stood at $662billion in 2022: UNCTAD
05, Jul, 23Global FDI declined by 12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep drop induced by the coronavirus pandemic in 2020, the report stated.