Geneva (AFP) – Global foreign direct investment flows are expected to plunge even further this year, after falling some 15 per cent in 2008, the United Nations trade and investment think-tank UNCTAD said Monday.
‘The decline in FDI (foreign direct investment) will be far deeper this year,’ UNCTAD (UN Conference on Trade and Development) secretary general Supachai Panitchpadki said in a statement.
‘There are indications that a deep decline will take place — with a great degree of variation between countries and regions,’ he added.
FDI reached a record 1.9 trillion dollars (1.42 trillion euros) in 2007, but fell 15 per cent in 2008, according to revised UNCTAD data.
The body noted in an advance copy of a report on the impact of the economic crisis on FDI that in developing countries, a ‘dramatic fall was observed only in the first quarter of 2009.’
China showed a 26 per cent decline in FDI during the first two months of 2009, according to a copy of the report obtained by AFP. UNCTAD classifies China for the purposes of its investment surveys as a developing economy.
With banks still struggling to cope with heavy losses from the financial crisis, financing would be harder to come by, Panitchpadki explained.
“No new borrowing, no new flows of funding mean little new investment internationally,” he added.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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