53. World Investment Report 2023: Weak FDI threatens clean energy transition and development goals
This episode of The Weekly Tradecast looks at the UN’s latest World Investment Report with Richard Bolwijn, in charge of UNCTAD’s investment research branch.
Last year, global flows of foreign direct investment fell – after nosediving in 2020 and recovering in 2021.
Developing countries did better than most as their FDI flows grew in 2022. But the heavy pressures on all economies remain from the war in Ukraine, high food and energy prices, financial turmoil and debt difficulties.
With a massive $4 trillion annual funding gap threatening the Sustainable Development Goals in developing countries, the report calls for greater investment in clean energy.
Tune into UNCTAD’s Richard Bolwijn to find out how we can boost investment and ensure developing countries do not get left behind.