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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Food Security

 
 

 

Latest Update – December 19, 2022

Domestic food price inflation remains high around the world. Information between August to November 2022 shows high inflation in almost all low-income and middle-income countries; 88.2% of low-income countries, 90.7% of lower-middle-income countries, and 93% of upper-middle-income countries have seen inflation levels above 5%, with many experiencing double-digit inflation. The share of high-income countries with high food price inflation has risen to 81.8%. The countries affected most are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.

Download the latest brief on rising food insecurity and World Bank responses

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