A PRESENTATION ON FDI TRENDS IN OIC COUNTRIES

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "A PRESENTATION ON FDI TRENDS IN OIC COUNTRIES"

Transcription

1 A PRESENTATION ON FDI TRENDS IN OIC COUNTRIES Prepared for the Seminar on Investment policies towards sustainable development and inclusive growth Organized by The Secretariat of the United Nations Conference on Trade and Development (UNCTAD), the Islamic Development Bank Group (IDB) Investment Promotion Technical Assistance Program (ITAP) and the United Nations Economic and Social Commission for Western Asia (ESCWA) December 2013 Rabat, Morocco Venue: Golden Tulip Hotel

2 OIC Region The OIC is a large international organization which includes members that belong to several sub-regional groupings. They comprise 57 countries in four continents. They include newly industrializing countries and least developed countries. Some OIC countries are resource rich and others are resource poor. In principle, this diversity in factor endowments and economy should foster exchange of goods and services, and capital..

3 FDI in OIC countries Intra- investments between OIC countries are widespread: in each and every OIC country, there is presence of firms from other OIC countries. Much of these investments are small scale, reciprocal and regional, and between neighbouring countries. OIC countries include major FDI players countries and companies that are active globally, across regions, and they play a lead role in stimulating investment among our countries.

4 FDI Trends in OIC Countries Foreign direct investment (FDI) in developing countries has increased steadily in recent decades and reached record levels in all regions in Figure 1, shows that even after the 2008 financial crisis, FDI to developing countries recovered to a new peak in The OIC countries are participating in this increase but are new entrants and could be more active. The OIC countries share of world FDI inflows (10%) is much less than the overall share of developing countries (52%).

5 2,500 Figure 1 - OIC countries can be more active in FDI (UNCTAD data, inflows, billions of dollars) 2,000 1,500 1,000 World Developing coountries OIC countries

6 OIC Countries are now more open to FDI OIC countries are now more open to FDI (Figure 2.) The reasons are several but could include: FDI is the largest source of external financing for developing countries. FDI is more important than official development assistance, portfolio investment and bank loans. In addition to capital, FDI brings technology and know-how and provides access to regional and international markets. Also, FDI can play an important role in economic growth and development, by serving as a catalyst for innovation, and for upgrading productivity and competitiveness

7 Figure 2 - OIC countries are now more open to FDI (UNCTAD data, inflows, percent of GDP) OIC countries Developing countries

8 OIC country experiences by region Country experiences vary. (Figure4.) FDI is attracted to the populous markets of Asia and the natural resource endowed countries of the Middle East and North Africa (MENA) and our economies in transition.

9 $350 $300 $250 $200 $150 $100 $50 Figure 3 - OIC country experiences vary by region (UNCTAD data, inflows per capita, dollars) $0 ASIA (8) MENA (19) SSA (22) Economies in transition (7)

10 OIC country experiences by region The smaller economies in sub-saharan Africa receive less FDI. Many of the challenges they face in attracting FDI are related to low levels of development: a weak skills base and infrastructure, and a small private sector. For this reason, our African member countries rely on FDI more for capital formation. (Figure 4) At the same time, we should remember that FDI is a complement not a substitute for domestic investment.

11 Figure 4 - African members rely on FDI more for capital formation (UNCTAD data, inflows, percent of gross fixed capital investment) ASIA (8) MENA (19) SSA (22) Economies in transition (7)

12 Largest OIC recipients of FDI The major recipients of FDI in 2012 were Indonesia, Kazakhstan, Turkey, Saudi Arabia, Malaysia, United Arab Emirates and Nigeria. Together they account for 61% of the FDI flows to the OIC countries. Even among the top performers there are varying experiences, with Indonesia, Kazakhstan, Malaysia and Nigeria continuing to receive increased inflows after the global financial crisis. (Figure 5.)

13 Figure 5 - Top 10 host economies for FDI

14 Largest OIC providers of FDI The largest recipients of FDI are also among the most active outward investors. (Figure 6.) This, again, reflects the development role of inward FDI, where equity and other relationships with foreign companies can help domestic companies grow and upgrade into regional and global players, investing abroad. Indonesia is an active player in Asia. Turkey is a regional player in Central Asia and West Asia. Malaysia and Kuwait invest across regions.

15 Figure 6 - Largest OIC providers of FDI (Source UNCTAD)

16 Intra-OIC FDI: acquisitions OIC countries invest globally but also among themselves. The global focus is visible in our cross-border acquisitions. (Figure 7) These rose rapidly since 2004 but fell as rapidly after the global financial crisis. Since then, OIC acquisitions have recovered more rapidly globally than within the OIC, relative to the purchases of foreign companies.

17 Figure 7 - Intra-OIC FDI: acquisitions have slowed (UNCTAD data, billions of dollars)

18 Intra-OIC FDI: acquisitions The retrenchment in intra-oic acquisitions since 2008 is visible in the reduced purchases of our main buyers. (Figure 8.) It is also visible in the destinations, where the 10 principal destinations before 2009, were since reduced to mainly 2. (Figure 9.)

19 Figure 8 - Intra-OIC FDI: main buyers (cross-border acquisitions)

20 Figure 9 - Intra-OIC FDI: main locations (cross-border acquisitions)

21 Intra-OIC FDI: greenfield projects We see a more promising pattern in our intra-oic Greenfield investments. (Figure 10) Most of the new projects announced by OIC companies tend to be located in other OIC countries, where they likely have a competitive advantage. That is, they enter and operate in markets where they are relatively more at ease in doing business than non-oic firms. The Greenfield projects are mainly in the services sector (construction and business activities). (Figure 11) There have also been large intra-oic purchases in banking and telecommunications.

22 Figure 10 - Intra-OIC FDI: greenfield projects (UNCTAD data, estimated capital expenditure, billions of dollars) world

23 Figure 11 - Intra-OIC FDI: main industries (UNCTAD data, greenfield projects, , capital expenditure, billions of dollars)

24 Characteristics of FDI Trends in the OIC region: FDI is concentrated only in a limited number of countries. FDI flows remain small relative to the size of the regional economy, in comparison with other developing regional groups. FDI is attracted to only a limited number of industries: intraregional FDI is concentrated in telecommunications (through mergers and acquisitions (M&As)) and construction including real estate development (through greenfield investments). The United Arab Emirates (UAE) is by far the largest intraregional investor, accounting for half of the total intra- regional FDI projects through M&As and greenfield investments. Intra-regional FDI recipient countries are more diversified. Egypt is the largest recipient

25 Challenges faced by the OIC in advancing intra-regional FDI Several countries in the OIC s sub-regions produce and export similar products that compete with one another. Host country constraints, such as weak infrastructure and limited market access, explain the slow pace of integration. Attention is diverted away from efforts towards deeper integration in the region because of the increased number of bilateral agreements between OIC member states and non-oic partners. The present regional investment agreement among OIC member states needs to be reviewed in light of the recent evolution in international investment policy making. A lack of political will and weak institutional capacity in some countries negatively impact intra-regional FDI and regional integration efforts.

26 To enhance FDI in OIC member countries more open investment policies are needed and that includes: Reduction of barriers to FDI (opening up more sectors to foreign investment, lifting of ownership restrictions, employment of non-nationals, etc) Strengthening of standards of treatment (national treatment, legal protection to foreign investors, etc) Enhancing the functioning of the market (supervision of banking and financial services, protection of intellectual property rights, environmental standards, etc) Investment promotion and facilitation (image building, one-stop service, aftercare, policy advocacy, etc) Incentives

27 Enhancing FDI benefits Channels Education and training Support for SMEs Backward linkages Linkages with technology partners Forward linkages with customers Participation in global supply chains Outward investment Benefits Production efficiency Productivity growth Technological and managerial capabilities Entrepreneurial activity Market diversification Upgrading of production Export growth

28 Recommendations encourage investment among the OIC countries, through intergovernmental agreements, financing facilities and joint investment projects to improve cross-border transactions and infrastructure. Mandate your envoys in OIC countries to promote intra-oic FDI. expand knowledge sharing within the OIC on FDI, using existing institutions and involving private sector. Intensify cooperation among investment promotion agencies. generate reliable data on FDI at the country level that is comparable across OIC countries in conformity with international standards.

29 References: UNCTAD Global Investment Monitor, Special Edition - No November A paper by Prof. Khalil Hamdani presented to the COMSEC Ministerial Exchange of Views - Istanbul, 20 November 2013

30 Thank You MOHAMMED BUKHARI, ACTING HEAD, IDB GROUP'S INVESTMENT PROMOTION TECHNICAL ASSISTANCE PROGRAM (ITAP)

No October 2013

No October 2013 DEVELOPING AND TRANSITION ECONOMIES ABSORBED MORE THAN 60 PER CENT OF GLOBAL FDI INFLOWS A RECORD SHARE IN THE FIRST HALF OF 2013 EMBARGO The content of this Monitor must not be quoted or summarized in

More information

I s l a m i c D e v e l o p m e n t B a n k. Experiences of IDB Regarding Urban Transport in the OIC Megacities

I s l a m i c D e v e l o p m e n t B a n k. Experiences of IDB Regarding Urban Transport in the OIC Megacities Experiences of IDB Regarding Urban Transport in the OIC Megacities IDB Group at a Glance Islamic Research & Training Institute (IRTI) The Islamic Corporation for the Insurance of Investment and Export

More information

THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP

THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP 3rd International Conference on Foreign Investment in Albania Islamic Corporation for the Development of the Private Sector (ICD) Member of

More information

Introduction to FDI databases

Introduction to FDI databases Introduction to FDI databases Third Asia-Pacific Trade and Investment Week Training on Evidence-based Policymaking in Trade and Investment Wednesday 20 November 2013, UNCC, Bangkok Outline International

More information

Determinants of Foreign Direct Investment in Saudi Arabia: A Review

Determinants of Foreign Direct Investment in Saudi Arabia: A Review International Journal of Economics and Finance; Vol. 9, No. 7; 2017 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Determinants of Foreign Direct Investment in Saudi

More information

The State of the Islamic Capital Market & Future Prospects

The State of the Islamic Capital Market & Future Prospects The State of the Islamic Capital Market & Future Prospects Ijlal Alvi CEO IIFM Contents Global Market Perspective The Islamic Capital Market OIC Equity Market Malaysian Capital Markets Way Forward Future

More information

5. Economic Implications of Agreement with the Islamic Republic of Iran

5. Economic Implications of Agreement with the Islamic Republic of Iran . Economic Implications of Agreement with the Islamic Republic of Iran The recent agreement between the P+1 and Iran allows for the removal of most economic sanctions and for a significant improvement

More information

Movement of Capital: Multinational Corporations and Foreign Direct Investment (FDI) EC 378 November 30, December 5, 2006

Movement of Capital: Multinational Corporations and Foreign Direct Investment (FDI) EC 378 November 30, December 5, 2006 Movement of Capital: Multinational Corporations and Foreign Direct Investment (FDI) EC 378 November 30, December 5, 2006 Motivation Factor movements and trade: o Over one quarter of world trade is intra-firm

More information

an eye on east asia and pacific

an eye on east asia and pacific 67887 East Asia and Pacific Economic Management and Poverty Reduction an eye on east asia and pacific 7 by Ardo Hansson and Louis Kuijs The Role of China for Regional Prosperity China s global and regional

More information

Islamic finance. Building 150 financial institutions by Financial Services

Islamic finance. Building 150 financial institutions by Financial Services Financial Services Islamic finance Building 150 financial institutions by 2020 Authors Greg Rung Travis Hollingsworth Rico Brandenburg The gap in access to finance in the Muslim world creates attractive

More information

Global Action Menu for Investment Facilitation

Global Action Menu for Investment Facilitation Global Action Menu for Investment Facilitation Version 4 16 September 2016 Note to Version 4 This version of the Action Menu incorporates feedback from multi-stakeholder consultations and intergovernmental

More information

CHAPTER 2 ECONOMIC COOPERATION AMONG MEMBER COUNTRIES IDB ANNUAL REPORT 1425H

CHAPTER 2 ECONOMIC COOPERATION AMONG MEMBER COUNTRIES IDB ANNUAL REPORT 1425H 67 H.E Dato Seri Abdullah Haji Ahmad Badawi, Prime Minister and IDB Governor for Malaysia and the President, IDB share a light moment on the occasion of signing the Memorandum of Understanding between

More information

Financing & Business Opportunities Provided by the IDB Group

Financing & Business Opportunities Provided by the IDB Group The Islamic Development Bank Group Together We Build A Better Future Financing & Business Opportunities Provided by the IDB Group 25 Rajab 1432H / 27 June 2011G Jeddah, Saudi Arabia h t t p : / / w w w.

More information

FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC

FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC The fourth Asia-Pacific Foreign Direct Investment (FDI) Network for Least Developed and Landlocked Developing Countries 25 November 2014, Colombo,

More information

Japan's Balance of Payments Statistics and International Investment Position for 2016

Japan's Balance of Payments Statistics and International Investment Position for 2016 Japan's Balance of Payments Statistics and International Investment Position for 16 July 17 International Department Bank of Japan Japan's balance of payments statistics for 16 -- the annually revised

More information

External Position of the Egyptian Economy

External Position of the Egyptian Economy Central Bank of Egypt External Position of the Egyptian Economy During July / March 2004/05 Quarterly Report Volume No. (9) July 2005 Foreword The External Position of the Egyptian Economy Report is one

More information

What Drives Foreign Direct Investment in Asia and the Pacific?

What Drives Foreign Direct Investment in Asia and the Pacific? What Drives Foreign Direct Investment in Asia and the Pacific? Fahad Khan Economist Economic Research and Regional Cooperation Department Asian Development Bank International Conference on Regional Integration

More information

Volume of deals in the Middle East

Volume of deals in the Middle East MENA The economic prospects for the Middle East remain bright with the Gulf Co-operation Council (GCC) dominating the IMF rankings with an average of 4% GDP growth across the region. Many GCC markets continued

More information

THE FIRST MEETING OF TRADE AND INVESTMENT SUB COMMITTEE OF ACMOI REPORT AND RECOMMENDATIONS

THE FIRST MEETING OF TRADE AND INVESTMENT SUB COMMITTEE OF ACMOI REPORT AND RECOMMENDATIONS THE FIRST MEETING OF TRADE AND INVESTMENT SUB COMMITTEE OF ACMOI REPORT AND RECOMMENDATIONS Marrakesh - Kingdom of Morocco 16-17 March 2016 1 REPORT AND RECOMMENDATIONS OF THE FIRST MEETING OF TRADE AND

More information

Arab Financing Facility for Infrastructure Developing infrastructure for growth and regional integration in Arab countries

Arab Financing Facility for Infrastructure Developing infrastructure for growth and regional integration in Arab countries AFFI Brochure Arab Financing Facility for Infrastructure Developing infrastructure for growth and regional integration in Arab countries What is AFFI? The Arab Financing Facility for Infrastructure (AFFI)

More information

ASEAN-Korea Economic Relationship:

ASEAN-Korea Economic Relationship: ASEAN-Korea Economic Relationship: A Road to More Active Future Cooperation. Choong Lyol Lee, Professor Department of Economics and Statistics Korea University at Sejong ASEAN-Korea Economic Relationship:

More information

Key Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports.

Key Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports. 2011 Key Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports. The 2011 Saudi Budget Why Invest in Saudi Arabia?

More information

Profile of Morocco's Economy

Profile of Morocco's Economy Profile of Morocco's Economy Morocco's Finances Morocco's Budget Deficit Government Bond Yield Curve Inflation Domestic and External National Debt Balance of Payments As a Percent of GDP Components Impacting

More information

Regional seminar on international trade statistics for Arab countries June, Amman, Jordan Report of the meeting

Regional seminar on international trade statistics for Arab countries June, Amman, Jordan Report of the meeting Regional seminar on international trade statistics for Arab countries 12-14 June, Amman, Jordan Report of the meeting 1. The opening session of the meeting was chaired by Mrs Maysaa Mohammed, the acting

More information

Diversity and Development: Foreign Direct Investment in Southeast Asia

Diversity and Development: Foreign Direct Investment in Southeast Asia RESEARCHERS AT ISEAS YUSOF ISHAK INSTITUTE SHARE THEIR UNDERSTANDING OF CURRENT EVENTS Singapore 10 September 2015 Diversity and Development: Foreign Direct Investment in Southeast Asia By Malcolm Cook

More information

The Islamic Development Bank Group Together We Build A Better Future Country Programs Department (CTY)

The Islamic Development Bank Group Together We Build A Better Future Country Programs Department (CTY) The Islamic Development Bank Group Together We Build A Better Future Country Programs Department (CTY) 1 1 A p r i l 2 0 1 3 IDB Group at a Glance 38 Years in the Service of Development 1396-1434H /1975-2013G

More information

EMBARGO 28 APRIL 2014, 12:00 GMT. INVESTMENT BY SOUTH TNCs REACHED A RECORD LEVEL

EMBARGO 28 APRIL 2014, 12:00 GMT. INVESTMENT BY SOUTH TNCs REACHED A RECORD LEVEL EMBARGO 28 APRIL 2014, 12:00 GMT No. 16 28 APRIL 2014 INVESTMENT BY SOUTH TNCs REACHED A RECORD LEVEL ACQUIRING DEVELOPED COUNTRY FOREIGN AFFILITES IN THE DEVELOPING WORLD HIGHLIGHTS Investment activity

More information

Global Economic Prospects and the Developing Countries William Shaw December 1999

Global Economic Prospects and the Developing Countries William Shaw December 1999 Global Economic Prospects and the Developing Countries 2000 William Shaw December 1999 Prospects for Growth and Poverty Reduction in Developing Countries Recovery from financial crisis uneven International

More information

TD/505. United Nations Conference on Trade and Development. Declaration of the Least Developed Countries. United Nations

TD/505. United Nations Conference on Trade and Development. Declaration of the Least Developed Countries. United Nations United Nations United Nations Conference on Trade and Development Distr.: General 18 July 2016 Original: English TD/505 Fourteenth session Nairobi 17 22 July 2016 Declaration of the Least Developed Countries

More information

Seminar World FZO & ICA. Topics. Date: 8 9 December 2016 Place: Amsterdam, The Netherlands Venue: Park Hotel, Amsterdam

Seminar World FZO & ICA. Topics. Date: 8 9 December 2016 Place: Amsterdam, The Netherlands Venue: Park Hotel, Amsterdam Seminar World FZO & ICA Date: 8 9 December 2016 Place: Amsterdam, The Netherlands Venue: Park Hotel, Amsterdam World FZO in association with ICA's global Seminar series for Free Zone professionals was

More information

UTILIZING COMCEC PROJECTFUNDING

UTILIZING COMCEC PROJECTFUNDING UTILIZING COMCEC PROJECTFUNDING Deniz Göle Program Manager October 31 st, 2017 INSTRUMENTS OF THE COMCEC STRATEGY Working Groups Regular meetings (twice a year) Research Reports Policy Recommendations

More information

OIL-EXPORTING COUNTRIES: KEY STRUCTURAL FEATURES, ECONOMIC DEVELOPMENTS AND OIL REVENUE RECYCLING

OIL-EXPORTING COUNTRIES: KEY STRUCTURAL FEATURES, ECONOMIC DEVELOPMENTS AND OIL REVENUE RECYCLING OIL-EXPORTING COUNTRIES: KEY STRUCTURAL FEATURES, ECONOMIC DEVELOPMENTS AND OIL REVENUE RECYCLING This article reviews key structural features and recent economic developments in ten major oilexporting

More information

Dubai Financial Market Investor Presentation Q3,2015

Dubai Financial Market Investor Presentation Q3,2015 Dubai Financial Market Investor Presentation Q3,2015 i CONTENTS MENASA Region : Macroeconomics.. 1 Dubai : Middle East s Financial Hub.. 5 UAE Capital Markets : DFM / ND / ADX. 10 Two Exchanges, One Market

More information

OECD-ARAB LEAGUE REGIONAL CONFERENCE. Fostering Regional Integration on Investment

OECD-ARAB LEAGUE REGIONAL CONFERENCE. Fostering Regional Integration on Investment OECD-ARAB LEAGUE REGIONAL CONFERENCE Fostering Regional Integration on Investment 9-10 December 2014 League of Arab States Headquarters, Cairo, Egypt Draft Conclusions Conference objective The OECD-Arab

More information

OECD Enterprises in African Development. Andrea Goldstein OECD Investment Division China-DAC Study Group AU, Addis Ababa 16/17 February 2011

OECD Enterprises in African Development. Andrea Goldstein OECD Investment Division China-DAC Study Group AU, Addis Ababa 16/17 February 2011 OECD Enterprises in African Development Andrea Goldstein OECD Investment Division China-DAC Study Group AU, Addis Ababa 16/17 February 2011 Outline 1 FDI and the Crisis 2 3 4 Global Business: A New Geography?

More information

KEY DEVELOPMENT INDICATORS FOR THE IDB MEMBER COUNTRIES

KEY DEVELOPMENT INDICATORS FOR THE IDB MEMBER COUNTRIES Islamic Development Bank Group KEY DEVELOPMENT INDICATORS FOR THE IDB MEMBER COUNTRIES STATISTICAL YEARBOOK NO.37 Data Resources and Statistics Division Economic Research and Policy Department Group Chief

More information

Dr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies

Dr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies Dr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies Rmarzoqi@gmail.com 3 nd Meeting of OECD-MENA Senior Budget Officials Network Dubai, United Arab Emirates, 31 October-1 November 2010 Oil Exporters

More information

IMPROVING THE ROLE OF EXIMBANKS AND ECAs IN THE OIC MEMBER STATES FOR INCREASING THEIR EXPORTS

IMPROVING THE ROLE OF EXIMBANKS AND ECAs IN THE OIC MEMBER STATES FOR INCREASING THEIR EXPORTS IMPROVING THE ROLE OF EXIMBANKS AND ECAs IN THE OIC MEMBER STATES FOR INCREASING THEIR EXPORTS 5 th Meeting of the COMCEC Trade Working Group ECAs and Their Role in International Trade Diana Smallridge,

More information

Islamic Finance Industry: 2010 & Beyond

Islamic Finance Industry: 2010 & Beyond GIFF IFN Asia Forum 21 Islamic Finance Industry: 21 & Beyond Baljeet Kaur Grewal Managing Director & Vice Chairman KFH RESEARCH LTD 27 OCTOBER 21 CONTENT Overview of the Islamic Finance Industry Opportunities

More information

Belgium has a small, open economy. Foreign trade is of major importance to the overall

Belgium has a small, open economy. Foreign trade is of major importance to the overall 2016 PREFACE BELGIAN FOREIGN TRADE IN 2016 Belgium has a small, open economy. Foreign trade is of major importance to the overall business outlook of our country. A recovery is generally initiated by

More information

The Business Environment in Southern Africa: Issues Africa Trade Policy Notes in Trade and Market Integration Note #12 Taye Mengistae November, 2010

The Business Environment in Southern Africa: Issues Africa Trade Policy Notes in Trade and Market Integration Note #12 Taye Mengistae November, 2010 The Business Environment in Southern Africa: Issues in Trade and Market Integration Africa Trade Policy Notes Note #12 Taye Mengistae November, 2010 The Southern Africa Development Community (SADC) is

More information

Presented by Mr. Mohamed Bukhari, IDB/ITAP

Presented by Mr. Mohamed Bukhari, IDB/ITAP A Presentation to the Workshop on International Investment Policies, Investment Promotion Strategies and Sustainable Development Casablanca, Morocco, 19-23 November 2012 Presented by Mr. Mohamed Bukhari,

More information

Azerbaijan Definitions and sources of data

Azerbaijan Definitions and sources of data Azerbaijan Definitions and sources of data Data on foreign direct investment (FDI) in Azerbaijan are reported by the National Bank of Azerbaijan. The Bank does not report FDI data by component (equity,

More information

Why Invest in Africa. Senzo Hlangu. 7 June 2011

Why Invest in Africa. Senzo Hlangu. 7 June 2011 Why Invest in Africa Senzo Hlangu 7 June 2011 6 Reasons to Invest in Africa INTERNAL FACTORS Best demographics Large, young & growing population EXTERNAL FACTORS Low penetration rates Reduced debt levels

More information

ECO 352 Spring 2010 No. 19 Apr. 13 CAPITAL FLOWS, FOREIGN DIRECT INVESTMENT AND MULTINATIONAL CORPORATIONS

ECO 352 Spring 2010 No. 19 Apr. 13 CAPITAL FLOWS, FOREIGN DIRECT INVESTMENT AND MULTINATIONAL CORPORATIONS ECO 352 Spring 2010 No. 19 Apr. 13 CAPITAL FLOWS, FOREIGN DIRECT INVESTMENT AND MULTINATIONAL CORPORATIONS SOME FACTS AND FIGURES Large cross-border capital flows are not a new phenomenon: There was pre-world-war-1

More information

Investor Relations Presentation September 2017

Investor Relations Presentation September 2017 Investor Relations Presentation September 2017 Contents 1. QNB at a Glance 2. QNB Comparative Positioning Qatar and MEA 3. Financial Highlights as at 30 September 2017 4. Economic Overview Notes: All figures

More information

Islamic Corporation for the Development of the Private Sector Member of Islamic Development Bank (IDB) Group

Islamic Corporation for the Development of the Private Sector Member of Islamic Development Bank (IDB) Group Enhancing The Competitiveness of SMEs in OIC Member States Ankara June 12-14 2012 Islamic Corporation for the Development of the Private Sector Member of Islamic Development Bank (IDB) Group Development

More information

Japan-ASEAN Comprehensive Economic Partnership

Japan-ASEAN Comprehensive Economic Partnership Japan- Comprehensive Economic Partnership By Dr. Kitti Limskul 1. Introduction The economic cooperation between countries and Japan has been concentrated on trade, investment and official development assistance

More information

INVESTMENT CLIMATE AND REGULATION OF INTERNATIONAL INVESTMENT IN MENA COUNTRIES. Assessment of Available Information, and General Recommendations

INVESTMENT CLIMATE AND REGULATION OF INTERNATIONAL INVESTMENT IN MENA COUNTRIES. Assessment of Available Information, and General Recommendations INVESTMENT CLIMATE AND REGULATION OF INTERNATIONAL INVESTMENT IN MENA COUNTRIES Assessment of Available Information, and General Recommendations - Working Group 1 - This report has been elaborated by Working

More information

Investor. Presentation

Investor. Presentation Dubai Financial Market Investor a Presentation 2 0 1 6 www.dfm.ae This Investor Presentation has been prepared by Dubai Financial Market PJSC ( DFM or the Company ) for investors, solely for informational

More information

World s Best Investment Bank Awards 2018

World s Best Investment Bank Awards 2018 Global Finance will publish its selections for the 19th Annual World s Best Investment Banks in the April 2018 issue. Winners will be honored at an awards ceremony in New York City in March, and all award

More information

China s Overseas Direct Investment (ODI): Current situation and future outlook

China s Overseas Direct Investment (ODI): Current situation and future outlook China s Overseas Direct Investment (ODI): Current situation and future outlook New York Stock Exchange (NYSE) Dr. Qin Xiao Chairman, the Boyuan Foundation January 7, 2015 Agenda A. China s ODI: High Growth

More information

Morocco: It s oh so quiet

Morocco: It s oh so quiet Morocco: It s oh so quiet Stéphane Colliac Economic Research Department Paris, April 217 Morocco (B1) is given the best Euler Hermes grade all over the African continent Hurdles in Africa #1 Political

More information

World Steel Industry Development and Market Prospects 13 th International Market and Trade Conference

World Steel Industry Development and Market Prospects 13 th International Market and Trade Conference World Steel Industry Development and Market Prospects 13 th International Market and Trade Conference Global Steel Industry in the post-crisis Period Global economic recovery continues to disappoint The

More information

Introduction to SAUDI ARABIA

Introduction to SAUDI ARABIA Introduction to SAUDI ARABIA Saudi Arabia is the world s largest oil producer and exporter with almost one-fifth of the word s proven oil reserves. Benefiting from abundant and cheap energy, the industrial

More information

Private activity in telecommunications twenty percent down in 2011

Private activity in telecommunications twenty percent down in 2011 1990 1990 PPI data update note 77 September 2012 Private activity in telecommunications twenty percent down in In, ten new telecom projects with private participation reached financial or contractual closure.

More information

Welsh Economic Review. Table 1 shows the global profile of FDI. 2007, and that their activity accounted. for around 11% of global GDP (World

Welsh Economic Review. Table 1 shows the global profile of FDI. 2007, and that their activity accounted. for around 11% of global GDP (World Foreign Direct Investment in Wales: Past, Present and Future Max Munday and Annette Roberts, Welsh Economy Research Unit and ESRC Centre for Business Relationships, Accountability, Sustainability and Society

More information

OCR Economics A-level

OCR Economics A-level OCR Economics A-level Macroeconomics Topic 4: The Global Context 4.5 Trade policies and negotiations Notes Different methods of protectionism Protectionism is the act of guarding a country s industries

More information

Buckeye Partners, L.P. Expansion of BPL s International Marine Terminal Platform Through VTTI Strategic Investment

Buckeye Partners, L.P. Expansion of BPL s International Marine Terminal Platform Through VTTI Strategic Investment Buckeye Partners, L.P. Expansion of BPL s International Marine Terminal Platform Through VTTI Strategic Investment Q3 2017 Earnings Call - November 3, 2017 LEGAL NOTICE / FORWARD-LOOKING STATEMENTS This

More information

Somalia. A. Definitions and sources of data

Somalia. A. Definitions and sources of data Somalia A. Definitions and sources of data In Somalia, the Foreign Investment Law No. 19, issued in 1987, governs all foreign investment in the country, including foreign direct investment (FDI). In this

More information

Harnessing Migrant Money Flow for Economic Development

Harnessing Migrant Money Flow for Economic Development Harnessing Migrant Money Flow for Economic Development 1 Presented By: Date: 7 November, 2010 Table of Contents 2 Economic Overview Foreign Employment and Remittance Nepali Financial System Collective

More information

STATE OF P R O G R E S S

STATE OF P R O G R E S S ROYAUME DU MAROC Ministère de l Economie et des Finances MORO CCO INVESTMENT COM PACT STATE OF P R O G R E S S MINISTRY OF ECONOMY AND FINANCE Mohammed BOUSSAID Minister of Economy and Finance Friday April

More information

NATIONAL AND INTERNATIONAL INVESTMENT POLICY: WAY FORWARD

NATIONAL AND INTERNATIONAL INVESTMENT POLICY: WAY FORWARD NATIONAL AND INTERNATIONAL INVESTMENT POLICY: WAY FORWARD Marc Proksch, ESCAP 6 th Meeting of the Asia-Pacific FDI Network, Bangkok, 1-2 December 2016 SOME BASIC QUESTIONS What is investment policy? Complement

More information

KEY STATISTICS AND TRENDS

KEY STATISTICS AND TRENDS UNCTAD UNITED NATIONS UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT KEY STATISTICS AND TRENDS in Trade Policy 2014 New York and Geneva, 2015 ii NOTE Key Statistics and Trends in Trade Policy 2014

More information

FINANCING SMES AND ENTREPRENEURS 2016: AN OECD SCOREBOARD HIGHLIGHTS

FINANCING SMES AND ENTREPRENEURS 2016: AN OECD SCOREBOARD HIGHLIGHTS Hi ghl i ght s FINANCING SMES AND ENTREPRENEURS 2016: AN OECD SCOREBOARD HIGHLIGHTS I. Introduction As governments around the world continue to grapple with uncertain economic prospects and important social

More information

Global Monitoring Report: Findings on Progress since Monterrey

Global Monitoring Report: Findings on Progress since Monterrey Global Monitoring Report: Findings on Progress since Monterrey Governance, institutions, and capacity A number of developing regions have made considerable progress toward regulatory reform, but Sub-Saharan

More information

GENERAL ISSUES FACING CHINESE INVESTORS IN EUROPE AND ITALY. Avv. Marco Marazzi

GENERAL ISSUES FACING CHINESE INVESTORS IN EUROPE AND ITALY. Avv. Marco Marazzi GENERAL ISSUES FACING CHINESE INVESTORS IN EUROPE AND ITALY Avv. Marco Marazzi 5 luglio 2017 General Issues Facing Chinese Investors in Europe Currency movements / capital controls Government approvals

More information

SOUTH SOUTH TRADE MONITOR

SOUTH SOUTH TRADE MONITOR SOUTH SOUTH TRADE MONITOR No. 2 July 2013 Total South-South trade: In 2011, South South merchandize exports reached $4 trillion. Since 2008/2009, the South has been exporting more to other developing countries

More information

Chapter 10 - Regional trade agreements and South-South FDI: potential benefits and challenges for SACU-MERCOSUR investment relations.

Chapter 10 - Regional trade agreements and South-South FDI: potential benefits and challenges for SACU-MERCOSUR investment relations. Chapter 10 Regional trade agreements and South-South FDI: potential benefits and challenges for SACU-MERCOSUR investment relations Nicolette Cattaneo * 1. Introduction In December 2004, the countries of

More information

India s Bilateral Trade in Services: Patterns, Determinants and Role of Trade in Goods

India s Bilateral Trade in Services: Patterns, Determinants and Role of Trade in Goods India s Bilateral Trade in Services: Patterns, Determinants and Role of Trade in Goods Seema Sangita NCAER Mid Year Review November 1, 2014 Objectives The patterns of India s bilateral trade in services.

More information

REGIONAL TRENDS IN FDI

REGIONAL TRENDS IN FDI REGIONAL TRENDS IN FDI CHAPTER II Foreign direct investment (FDI) flows fell in all major regional groupings of countries in 29, though not equally. In contrast with the previous year, flows to developing

More information

MALAYSIA ISLAMIC DEVELOPMENT BANK (IDB) GROUP INVESTMENT FORUM

MALAYSIA ISLAMIC DEVELOPMENT BANK (IDB) GROUP INVESTMENT FORUM MALAYSIA ISLAMIC DEVELOPMENT BANK (IDB) GROUP INVESTMENT FORUM BRIDGING THE GAP - FROM SILK ROAD PERSPECTIVE (DEVELOPING LINKAGES WITH THE FAR EAST COUNTRIES) 10 th May 2012 BY: DR. MASHHOUR F. MOURAD

More information

ABOUT OIC AGREEMENTS IN ECONOMIC FIELD

ABOUT OIC AGREEMENTS IN ECONOMIC FIELD ABOUT OIC AGREEMENTS IN ECONOMIC FIELD Achieving higher levels of development and prosperity of the Islamic countries, as well as fostering economic and trade relations among them, are defined as the main

More information

ANNUAL REPORT THE FRENCH BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION

ANNUAL REPORT THE FRENCH BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION 2013 ANNUAL REPORT THE FRENCH BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION BANQUE DE FRANCE DIRECTORATE GENERAL STATISTICS Balance of Payments Directorate Sectoral Surveys and Statistics

More information

RAS AL KHAIMAH IDEAL PLACE FOR BUSINESS & QUALITY LIVING

RAS AL KHAIMAH IDEAL PLACE FOR BUSINESS & QUALITY LIVING WELCOME TO RAKEZ 1 2 RAS AL KHAIMAH IDEAL PLACE FOR BUSINESS & QUALITY LIVING AREA POPULATION GDP COASTLINE AVG TEMP 2,478 KM 2 355,005* AED 36.3 BN* 64 KM 27 C *2016 estimates from RAK Centre for Statistics

More information

Lecture 13 International Trade: Economics 181 Foreign Direct Investment (FDI) and Multinational Corporations (MNCs)

Lecture 13 International Trade: Economics 181 Foreign Direct Investment (FDI) and Multinational Corporations (MNCs) Lecture 13 International Trade: Economics 181 Foreign Direct Investment (FDI) and Multinational Corporations (MNCs) REMEMBER: Midterm NEXT TUESDAY. Office hours next week: Monday, 12 to 2 for Ann Harrison

More information

Foreign Direct Investment and Islamic Banking: A Granger Causality Test

Foreign Direct Investment and Islamic Banking: A Granger Causality Test Foreign Direct Investment and Islamic Banking: A Granger Causality Test Gholamreza Tajgardoon Department of economics of research and training institute for management and development planning President

More information

BOX 1.3. Recent Developments in Emerging and Developing Country Labor Markets

BOX 1.3. Recent Developments in Emerging and Developing Country Labor Markets BOX 1.3 Recent Developments in Emerging and Developing Country Labor Markets GLOBAL ECONOMIC PROSPECTS JUNE 215 chapter 1 3 BOX 1.3 Recent Developments in Emerging and Developing Country Labor Markets

More information

Expo 2020 Dubai and DP World partner to position the UAE at the heart of future global trade

Expo 2020 Dubai and DP World partner to position the UAE at the heart of future global trade Press release Expo 2020 Dubai and DP World partner to position the UAE at the heart of future global trade Partnership with global trade enabler DP World to help Expo 2020 promote a future of Mobility,

More information

Chinese Economy. YU Jianwei Commercial Counsellor Chinese Consulate General in Toronto

Chinese Economy. YU Jianwei Commercial Counsellor Chinese Consulate General in Toronto Chinese Economy YU Jianwei Commercial Counsellor Chinese Consulate General in Toronto Chinese Economy Slowing down or Picking up Growth 7.7% (first 3 months) 7.5% in April-June Slowest in 13 years Economic

More information

Chapter two Overview of the Macroeconomic Situation and Outlook for Africa

Chapter two Overview of the Macroeconomic Situation and Outlook for Africa 002 Chapter two Overview of the Macroeconomic Situation and Outlook for Overview of the Macroeconomic Situation Economic Outlook for and the Role of the Bank Chapter 002 Overview of the Macroeconomic Situation

More information

The Middle East s Evolving Role in the Global Steel Industry

The Middle East s Evolving Role in the Global Steel Industry The Middle East s Evolving Role in the Global Steel Industry Presented to: The Platts 12 th Annual Steel Markets Asia Conference Mumbai India By: George Matta Ezz Steel - Egypt 17 November, 2016 Opening

More information

Takaful Business Challenges and Opportunities

Takaful Business Challenges and Opportunities Life Insurance Conference 2012 Takaful Business Challenges and Opportunities 9 November 2012 Amara Sanctuary Resort Sentosa, Singapore By: Hans De Cuyper Chief Executive Officer Etiqa Insurance & Takaful

More information

Session ASEAN Prospects for Capital Market Integration. by Tan Wai Kuen

Session ASEAN Prospects for Capital Market Integration. by Tan Wai Kuen Session 3.1.3 ASEAN Prospects for Capital Market Integration by Tan Wai Kuen 1 ASEAN Economic Community Vision 2015 AEC Blueprint 2015 envisages a regionally integrated capital market where: Capital can

More information

Statement by Dr. Ahmad Mohamed Ali, Chairman, IDB Group, at the Opening Ceremony of the IDB Group Country Gateway Office in Indonesia

Statement by Dr. Ahmad Mohamed Ali, Chairman, IDB Group, at the Opening Ceremony of the IDB Group Country Gateway Office in Indonesia Statement by Dr. Ahmad Mohamed Ali, Chairman, IDB Group, at the Opening Ceremony of the IDB Group Country Gateway Office in Indonesia 11 December 2014 Jakarta, Indonesia بسم الله الرحمن الرحيم Your Excellency

More information

CIS REGION A GROWING OPPORTUNITY FOR ISLAMIC FINANCE

CIS REGION A GROWING OPPORTUNITY FOR ISLAMIC FINANCE CIS REGION The Commonwealth of Independent States (CIS) countries are emerging as a region of opportunity for Islamic finance. The financial sectors in the frontier CIS countries are expected to record

More information

Ralentissement dans les BRIC: faut-il s en inquiéter?

Ralentissement dans les BRIC: faut-il s en inquiéter? Ralentissement dans les BRIC: faut-il s en inquiéter? Présentation : Andrea Goldstein, Economiste à l OCDE Mercredi 18 décembre 213, 18 rue de Martignac - 757 Paris The BRICs in the International Investment

More information

GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS

GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS CES Working Papers Volume VII, Issue 2 GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS Maria - Ramona SARBU * Abstract: Much discussed and analyzed globalization is a multidimensional and complex process

More information

Mergers & Acquisitions. in Europe and Latin America 2016

Mergers & Acquisitions. in Europe and Latin America 2016 Mergers & Acquisitions in Europe and Latin America 216 Regional Overview Introduction European and Latin American dealmakers continue to weather economic and political challenges that are reshaping markets.

More information

Asia and Europe require greater physical connectivity and the models for such

Asia and Europe require greater physical connectivity and the models for such Why Do Asia and Europe Need More Connectivity? Some Ideas from the European and ASEAN Experience Alicia Garcia Herrero and Jianwei Xu, BRUEGEL Asia and Europe require greater physical connectivity and

More information

Investors Agenda of Priority Points 2015

Investors Agenda of Priority Points 2015 American Chamber of Commerce in the Netherlands Investors Agenda of Priority Points 2015 Executive Summary Study Investment Climate Introduction Each year, the American Chamber of Commerce in the Netherlands

More information

Capacity building: technical assistance and training 4. Chapter 4

Capacity building: technical assistance and training 4. Chapter 4 Capacity building: technical assistance and training 4 Chapter 4 45 IMF Annual Report 2007 Chapter 4 Capacity building: technical assistance and training The technical assistance and training offered by

More information

DIRECTORATE FOR FINANCIAL, FISCAL AND ENTERPRISE AFFAIRS OECD INVESTMENT POLICY REVIEWS: ISRAEL. Overview. September 2002

DIRECTORATE FOR FINANCIAL, FISCAL AND ENTERPRISE AFFAIRS OECD INVESTMENT POLICY REVIEWS: ISRAEL. Overview. September 2002 DIRECTORATE FOR FINANCIAL, FISCAL AND ENTERPRISE AFFAIRS OECD INVESTMENT POLICY REVIEWS: ISRAEL Overview September 2002 This report forms part of an OECD publication entitled OECD Investment Policy Reviews:

More information

DISCOVER YOUR WAY TO AZERBAIJAN

DISCOVER YOUR WAY TO AZERBAIJAN DISCOVER YOUR WAY TO AZERBAIJAN VALUE PROPOSITION PROVEN TRACK RECORD AND STABILITY STRATEGIC LOCATION FAVOURABLE BUSINESS CLIMATE QUALIFIED WORK FORCE VALUE PROPOSITION PROVEN TRACK RECORD AND STABILITY

More information

Foreign investment in Casablanca stock exchange The second half of 2014

Foreign investment in Casablanca stock exchange The second half of 2014 Foreign investment in Casablanca stock exchange The second half of 2014 April 2015 898 SYNTHESIS The value of shares listed on the Casablanca stock exchange owned by foreign investors has increased by

More information

Asian Monetary Coordination and Global Imbalances

Asian Monetary Coordination and Global Imbalances 8 Asian Monetary Coordination and Global Imbalances Yonghyup Oh A n important reason for monetary cooperation in East Asia is that it can help resolve global imbalances. Global imbalances existed well

More information

Zeti Akhtar Aziz: Strategic positioning in a changing environment

Zeti Akhtar Aziz: Strategic positioning in a changing environment Zeti Akhtar Aziz: Strategic positioning in a changing environment Keynote address by Dr Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia, at the 2006 Dialogue Session with Insurers and Takaful

More information

THE CHALLENGES OF ISLAMIC TRADE FINANCE IN PROMOTING SMES IN IDB MEMBER COUNTRIES

THE CHALLENGES OF ISLAMIC TRADE FINANCE IN PROMOTING SMES IN IDB MEMBER COUNTRIES THE CHALLENGES OF ISLAMIC TRADE FINANCE IN PROMOTING SMES IN IDB MEMBER COUNTRIES Abd elrahman Elzahi Saaid Ali, PhD Islamic Research And Training Institute, A Member of Islamic Development Bank Group

More information

2016 Outward Foreign Direct Investment of Thai Listed Firms

2016 Outward Foreign Direct Investment of Thai Listed Firms Research Paper 1/2017 2016 Outward Foreign Direct Investment of Thai Listed Firms Research Department The Stock Exchange of Thailand May 2017 www.set.or.th/setresearch Contents Page Executive Summary 1

More information

Domestic Public Resources in the Arab Region

Domestic Public Resources in the Arab Region Series Domestic Public Resources in the Arab Region United Nations Economic and Social Commission for Western Asia (UN-ESCWA) July 2016 More Information http://www.un.org/esa/ffd/ffd-follow-up/inter-agency-task-force.html

More information