World Investment Report 2017: Promising FDI prospects for Africa in 2017
The World Investment Report 2017 projects an increase of about 10% in 2017, up to almost USD 65 billion
The United Nations Conference on Trade and Development (UNCTAD) launched the World Investment Report (WIR) 2017, entitled “Investment and the Digital Economy”, on 7th June 2017.
The World Investment Report 2017 states that India, China and the United States are the most prospective destinations for Foreign Direct Investment.
The report highlights that Global FDI flows are projected to increase by about 5% in 2017, up to almost USD 1.8 trillion. The moderate rise of FDI flows is expected to continue in 2018 to USD 1.85 trillion, however, still below the 2007 peak. In 2017, the outlook for global FDI activity becomes more optimistic.
FDI flows to Africa continued to slide, reaching USD 59 billion, down by 3% compared with 2015, mostly reflecting low commodity prices. It emphasizes that FDI remains the largest and most constant external source of finance for developing economies.
FDI for Mauritius, the largest FDI host among SIDS in Africa, rebounded from 2015 to reach USD 349 million (+68%). Following the successful diversification of Mauritius from a monocrop to an innovation-driven economy, Mauritius is relying on FDI for the development of luxury real estate, offshore banking, business services outsourcing and medical tourism to further expand its economic activities.
This year`s report focuses on digital economy and its impact on global patterns of investment. It provides important insights on the implications of the digital economy for investment policies and suggests how investment policy can support digital development.
It also demonstrates how aligning investment policies with digital development strategies will play a pivotal role in the gainful integration of developing countries into the global economy and in a more inclusive and sustainable globalization in the years to come.
Download the WIR 2017.
8 June 2017