"Developing countries experience 9% decline in foreign direct investment

" Developing countries experience 9% decline in foreign direct investment - UNCTAD \r\n\r\n \r\n \r\n\r\nForeign direct investment (FDI) flows to the Global South have decreased to $841 billion, reflecting a global trend of subdued investment and economic uncertainty.\r\n\r\n \r\n \r\n \r\n \r\n\r\nThis is according to the latest\u00a0 Global Investment Trends Monitor \u00a0from the United Nations Conference on Trade and Development (UNCTAD).\r\n\r\n \r\n \r\n\r\n FDI flows \u00a0to developing countries fell by 9%, to $841 billion, with declining or stagnating flows in most regions.\r\n\r\n \r\n \r\n\r\nAlthough flows worldwide defied earlier expectations and grew by a marginal 3% in 2023 to an estimated $1.37 trillion, \u201cthe headline increase was due largely to higher values in a few European \u2018conduit\u2019 economies,\u201d the report says.\r\n\r\n \r\n \r\n\r\nExcluding these conduit economies, global FDI flows experienced a significant 18% decline in 2023.\r\n\r\n \r\n \r\n\r\n FDI flows to Africa \u00a0were almost flat at an estimated $48 billion, reflecting a marginal one percent decrease compared to the previous year.\r\n\r\n \r\n \r\n\r\nGreenfield project announcements increased, mostly due to strong growth in Morocco, Kenya, and Nigeria. However, project finance deals fell by one third, more than the global average decline, weakening prospects for infrastructure finance flows.\r\n\r\n \r\n \r\n Trends by industry \r\n\r\n \r\n \r\n\r\nThe number of international investment projects announced in developing countries in sectors relevant to the SDGs \u2013 including infrastructure,\u00a0 renewables ,\u00a0 water and sanitation ,\u00a0 food security , health and education \u2013 remained flat.\r\n\r\n \r\n \r\n\r\nThe number of SDG-relevant international project finance deals experienced a 27% decline (40% in value). Conversely, the number of SDG-relevant greenfield projects increased by 12% (6% in value).\r\n\r\n \r\n \r\n\r\nThe food and agriculture sector saw a marginal rise in project numbers from the low levels of 2022, while most other sectors recorded a decline.\r\n\r\n \r\n \r\n Economic outlook \r\n\r\n \r\n \r\n\r\nLooking ahead, UNCTAD says a modest increase in FDI flows in 2024 appears possible, as projections for\u00a0 inflation \u00a0and borrowing costs in major markets indicate a stabilization of financing conditions for international investment deals.\r\n\r\n \r\n \r\n\r\nHowever, significant risks persist, including\u00a0 geopolitical risks ,\u00a0 high debt levels \u00a0accumulated in many countries, and concerns about further global economic fracturing.\r\n\r\n \r\n \r\n \r\n "

"Developing countries experience 9% decline in foreign direct investment

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