World Investment Report 2024

24.06.2024

World Investment Report 2024

 Why in the news?   

Recently, the World Investment Report 2024 was published by the UN Conference on Trade and Development (UNCTAD).

About World Investment Report:

• It focuses on trends in foreign direct investment (FDI) worldwide, at the regional and country levels and emerging measures to improve its contribution to development.

Key highlights of the report

• Global foreign direct investment (FDI) in 2023 decreased marginally, by 2 percent.
• FDI flows to developing countries fell by 7 percent to $867 billion, mainly due to an 8 per cent decrease in developing Asia.
• China, the second largest FDI recipient in the world, saw a rare decline in inflows.
• Industry trends showed lower investment in the infrastructure and digital economy sectors, but strong growth in the global value chain-intensive sectors of manufacturing and critical minerals.
• International investment in sectors relevant for the Sustainable Development Goals in developing countries declined in 2023.

Key facts about the UN Conference on Trade and Development

• It is the UN’s leading institution dealing with trade and development.
• It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.
• Its objective is to assist developing countries, especially the least developed countries, and countries with economies in transition, to integrate beneficially into the global economy.
• Headquarters: Geneva, Switzerland.
• UNCTAD membership consists of 195 states.

                                                                        Source: Down to earth

Ques :- World Investment Report”, recently seen in news, is published by:

A.UN Conference on Trade and Development

B. World Bank

C. World Economic Forum

E.International Monetary Fund

Answer A