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.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
