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UN highlights falling foreign direct investment and marks World Refugee Day; UNCTAD report warns of investment slowdown
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Summary
The United Nations flagged a second consecutive year decline in global foreign direct investment, highlighted World Refugee Day events and recalled deadly Mediterranean shipwrecks as reminders of migration risks.
The United Nations highlighted a UN Conference on Trade and Development (UNCTAD) report showing global foreign direct investment fell 11%, marking a second consecutive year of decline, and said this underscores calls for reshaping investment systems ahead of the fourth International Conference on Financing for Development.
At the same time, the UN marked World Refugee Day and joined the UN Refugee Agency (UNHCR) and the International Organization for Migration in remembrance and events. The Spokesperson recalled a shipwreck off Pylos, Greece, two years earlier that killed about 650 people and noted that at least 3,500 people were reported dead or missing on maritime routes to Spain, Italy, Malta, Greece and Cyprus last year.
The Spokesperson also flagged a UNCTAD report and the forthcoming Financing for Development conference in Seville as forums to address the gap between available capital flows and the resources developing countries need to meet the 2030 agenda.
Background: UN agencies reiterated that climate change and conflict are forcing people to flee and that inclusive finance and investment are part of wider efforts to address development shortfalls linked to conflict and displacement.
