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Mahesh

07/07/23 06:28 AM IST

World Investment Report 2023

In News
  • Recently, the United Nations Conference on Trade and Development (UNCTAD) published its World Investment Report 2023.
Key Findings
  • India and ASEAN were the most buoyant recipients of the Foreign direct investment (FDI), with increases of 10 and 5%, respectively.
  • FDI inflows were higher in developing countries compared with those in developed economies.
  • China, the second largest FDI host country in the world, saw a 5% increase.
  • FDI in the Gulf region declined, but the number of project announcements increased by two thirds.
  • Inflows in many smaller developing countries were stagnant, and FDI to the least developed countries (LDCs) declined.
  • Much of the growth in international investment in renewable energy has been concentrated in developed countries.
  • The investment gap across all sectors of the Sustainable Development Goals has increased to more than $4 trillion per year from $2.5 trillion in 2015.
  • The largest gaps are in energy, water and transport infrastructure.
About UNCTAD
  • It is a permanent inter-governmental body established by the United Nations General Assembly in 1964.
  • It is responsible for dealing with development issues, particularly international trade.
  • Framing policies in various domains such as trade, technology, finance, aid, and transport are the most important priorities of UNCTAD.
  • The Conference ordinarily meets once in four years.
  • The second UNCTAD Conference took place in New Delhi, India in 1968.
  • Members: 195 countries
  • Headquarters: Geneva, Switzerland
  • Reports published by the UNCTAD: Trade and Development Report, The Least Developed Countries Report and Commodities and Development Report etc.
Source- Hindustan Times

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