LEAST DEVELOPED COUNTRIES MINISTERIAL AND BUSINESS EXECUTIVE ROUND TABLE

The role of FDI in economic recovery
in partnership with the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS)
Event
Session Type
Conference
Session Themes
High-level event
Room number
WIF Virtual Platform, room 15
Event Manager
Ms. Stephania Bonilla-Feret
Contact Email
Stephania.Bonilla@unctad.org
22 October 2021
11:00 - 13:00 Europe/Zurich
Europe/Zurich
Session video
LDC Ministerial and Business Executive Roundtable: The role of FDI in economic recovery (in partnership with UN-OHRLLS)

FDI is an important potential source of development finance for least developed countries (LDCs) and can be complementary to official development assistance (ODA). Despite gradual improvements over the years in the legal and regulatory frameworks for investment in LDCs, the pandemic has been a shock to their economies with FDI inflows significantly affected and existing structural weaknesses amplified.

Many LDCs are highly dependent on investment in extractive industries, which has been negatively affected by oil and commodity price shocks, while others are dependent on the travel and tourism sectors which have been among the hardest hit by the pandemic crisis.

A lot still needs to be done to make LDC economies successful competitors for FDI projects. In line with the objective of achieving a truly inclusive and sustainable global economic recovery, it is more important than ever to provide support to institutions that promote investment towards LDCs is more important than ever. This high-level meeting of LDC ministers and business executives will discuss the role of FDI in economic recovery and reconstruction plans. It will seek to advance ideas on how to strengthen the investment climate of LDC economies and the role of investment promotion agencies in channeling investment towards sectors that are key for sustainable economic recovery.

Issues to be addressed

  • Ways to improve the capacity of LDC governments to promote and facilitate investment
  • SDG-focused strategies for investment promotion and facilitation
  • Initiatives to diversify investment in LDCs, including the targeting of investment for SDG-related projects

Speakers

Secretary-General, United Nations Conference on Trade and Development
UN Under-Secretary-General and High Representative, United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States
Honorable Minister, Ministery of Commerce, Bangladesh
Minister attached to the Prime Minister, Secretary-General of the Council of the Development of Cambodia
Minister of Economy and Finance, Republic of Haiti
Vice-Minister of Commerce and Industry, Timor Leste
Minister of Investment Promotion, Republic of Togo
Chairperson, SADC Business Council
Executive Director, Enhanced Integrated Framework, World Trade Organization
Executive Secretary, United Nations Economic Commission for Africa
Founder, Pulse Africa Holding AG and Member, Swiss-African Business Circle Board

Moderators

Senior News Anchor, Kenyan Television