Abu Dhabi, October 20 (Prensa Latina) UNCTAD Deputy Secretary General Pedro Manuel Moreno said today that the slowdown in investments is very worrying as reduced financing would slow down global economic growth.
During the eighth World Investment Forum that ended today, the head of the United Nations Conference on Trade and Development (UNCTAD) said that this situation could also jeopardize the achievement of the Sustainable Development Goals.
The world needs greater investment flows to drive economic transformation in the areas of energy, agricultural and food infrastructure and health and to ensure sustainable development, Unctad emphasized.
The event ended with a call for public and private investors to help transform the global economy and take advantage of opportunities that arise.
Among these, he mentioned the energy transition, the changes in the agricultural, food and health sectors as well as the changing solutions for sustainable development.
Given a politically fragmented global economy, the profound impact on trade and finance was also at issue, particularly given the continued decline in foreign direct investment.
For his part, Fiji’s Deputy Prime Minister Manoa Kamikamica called for the use of blended finance and other “risk mitigation” solutions.
Solutions, he said, that would allow countries with debt problems to address financing constraints.
Added to this were the difficult international investment climate, tightening financing conditions and persistent institutional and infrastructural deficiencies, he pointed out.
The meeting was attended by around eight thousand participants, including government officials, international organizations, 700 CEOs and investors, and others.
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