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An UNCTAD report shows that adoption of policy measures and regulations dedicated to sustainable finance accelerated in 2021.

Developing countries could lose out on tax revenues due to capacity and legal constraints on the implementation of needed reforms, UNCTAD’s World Investment Report 2022 says.

The continent saw foreign direct investment rebound strongly after the fall in 2020 caused by the COVID-19 pandemic.

Investment flows to the region reached $134 billion last year, up from $88 billion in 2020. Only a few economies suffered further declines in the wake of the COVID-19 pandemic.

Despite successive waves of COVID-19, FDI flows to the region grew for the third consecutive year, with developing economies in Asia receiving 40% of global foreign investment inflows.

The alliance’s founding members represent 7,000 special economic zones in 145 economies, employing over 100 million people.

Digital multinational enterprises are growing at breakneck speed and changing the nature of cross-border investment.

The world’s poorest nations face many obstacles, including soaring debt, export marginalization, energy poverty and climate vulnerability.

UNCTAD’s Empretec entrepreneurship programme has helped him formalize and grow his businesses, contributing to sustainable development in the country’s northern provinces.

Graduation presents an opportunity for the countries to develop strategies that can position the textile and clothing sector higher up the global value chain.