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World Investment Report 2023

World Investment Report 2023:

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.

United Nations Conference on Trade and Development:

  • 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.