FDI drops and MIGA innovates

IFC Insights

Stormy Waters for Business in Emerging Markets

As the sun set on the Landwasser valley in eastern Switzerland and this year’s World Econonomic Forum (WEF) Annual Meeting in Davos, government, business, and civil society leaders from across the globe headed home to promote the forum’s mandate of bold collective action to address ongoing crises.

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Transforming our food systems for healthy people, environment, and economies

As the world continues to grapple with the food crisis, we need to remember that thisag_hero.jpg problem didn’t emerge overnight.  The war in Ukraine accelerated and triggered more attention to the crisis, but food prices and global hunger were already on the rise even before the war. Climate change, among others, has been a major driver of these worsening trends. Ironically, although global food production has nearly quadrupled between 1961 to 2020 and increased by 50% between 2000 to 2020, more people than ever before are going hungry.

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Global Forum for Food and Agriculture 2023

The Global Forum for Food and Agriculture (GFFA) is an international conference on central issues of agricultural and food policies held each year in Berlin.  Hosted by the Federal Ministry of Food and Agriculture (BMEL), the event welcomes 3,000 international visitors from politics, industry, science, and civil society to discuss what actions can be taken to achieve a transformation of food systems. 

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Event

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Africa will remain poor unless it uses more energy

Published by the Economist

Greenhouse-gas emissions south of the Sahara are tiny

A window seat in a helicopter flying south-west from Windhoek, Namibia’s capital, offers an otherworldly diorama. The landscape shifts from earthly desert to Mars-red dunes, then to moonscape as the chopper nears Luderitz. In the early 1900s this tiny port was the hub for a diamond boom that brought the art-nouveau mansions that perch on the town’s slopes. More than a century on, Namibia hopes that the area will again bring riches, this time from sun, wind and land, by hosting one of Africa’s largest renewable-energy projects.

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FDI drops and MIGA innovates

As investment into developing nations drops, MIGA innovates. miga_hero.jpg

The United Nations Conference on Trade and Development recently reported that global foreign direct investment (FDI) flows dropped by almost a third in the second quarter of 2022, with flows to several emerging regions down significantly and flows to Africa near zero. The outlook for FDI next year is gloomy at best.

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A child or youth died once every 4.4 seconds in 2021 – UN report

Another 1.9 million babies were tragically stillborn during the same period, according to a separate UN report.

NEW YORK/GENEVA/WASHINGTON D.C., 10 January 2023 – An estimated 5 million children died before their fifth birthday and another 2.1 million children and youth aged between 5–24 years lost their lives in 2021, according to the latest estimates released by the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME).

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Investment in the rural economy reduces pressure to migrate internationally

 

In a world characterized by high country income differentials, rising food insecurity, and the proliferation of conflicts, international migration is viewed by many as the path to a (better) life. Unsurprisingly, concerns are also rising in destination countries about an undue influx of migrants, especially economic migrants, fuelling antimigrant sentiment and policies.

A paradoxical narrative is further taking hold that development, and by extension development assistance, would increase (as opposed to reduce) migratory pressures, at least in first instance, and that the effect of development aid on migratory pressures has been small at best.

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