Anjali Sharma
GG News Bureau
UNITED NATIONS, 18th Jan. According to UN trade and development agency data released on Wednesday showed that the Foreign Direct Investment, or FDI, is a crucial part of the global economy particularly emerging economies and the 2023 saw foreign funding shrink by 9 per cent, to $841 billion.
According to UN trade and development body UNCTAD, developing Asian economies took an even bigger hit, their FDI falling 12 per cent.
China reported “a rare decline” of six per cent less investment from overseas partners.
UNCTAD latest Global Investment Trends Monitor showed African countries’ FDI fell one per cent in 2023 while Central America bucked the trend by maintaining stable foreign direct investment.
Data indicated a sharp upswing in foreign direct investment in Luxembourg and the Netherlands that contributed to a three per rise in global foreign direct investment last year, to $1.37 trillion.
Despite Luxembourg and the Netherlands, investment in the other European Union countries was down by 23 per cent.
UNCTAD said that other developed countries saw foreign investment stagnate last year with “zero growth” in the US.
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