New certified investor in the automotive industry
InvestBulgaria Agency will present the World Investment Report 2012
The executive director of InvestBulgaria Agency, Mr. Borislav Stefanov, will present the World Investment Report 2011 and commented on the interesting facts concerning the investment climate in Bulgaria.
WIR12 presents the latest data on foreign direct investment (FDI) and traces global trends in FDI and in international production by transnational corporations (TNCs).
Global FDI inflows rose in 2011 to reach US$1.5 trillion. This rise was widespread, covering all three major groups of economies − developed, developing, and transition – but was uneven by sector, mode, and type of investment. In 2012, another marginal increase is expected, with global FDI flows leveling off at US$1.6 trillion, recovering further compared to pre-crisis levels (but remaining some 20 per cent below the 2007 peak). The fragility of the world economy, the volatility of the business environment, uncertainties related to sovereign debt crises, and signs of overheating in some emerging market economies may yet derail FDI recovery.
WIR12 also examines patterns of FDI in light of the significant efforts taking place in many regions towards regional economic integration. For the most part these efforts have led to increased FDI by opening up sectors for investment and aligning policies for the treatment of investors, although the extent of increased FDI varies by region.
WIR12 reviews investment policy measures taken in 2011, which show that most countries continue to liberalise and promote foreign investment. At the same time, a stronger regulatory role of governments is becoming apparent, with a growing share of FDI-related restrictions in total investment policy measures. The universe of international investment agreements (IIAs) continues to expand, with an increasing number of treaties showing innovative features.
At a time of persistent crises and pressing social and environmental challenges, harnessing economic growth for sustainable and inclusive development is more important than ever. Investment is a primary driver of such growth. Mobilizing investment and ensuring that it contributes to sustainable development objectives is therefore a priority for all countries and for developing countries in particular.
To help policymakers address this challenge, the special focus of this year’s WIR is on investment policymaking. The report presents a comprehensive Investment Policy Framework for Sustainable Development (IPFSD), consisting of a set of core principles for investment policymaking, guidelines for national investment policies, and options for the design and use of IIAs.
Investment policymaking is a dynamic process. To take into account new developments and newly arising challenges, the IPFSD has been designed as a “living document”. UNCTAD will continuously update its contents based on feedback from its numerous policy forums and from its work in the field. WIR12 is also accompanied by a web-based platform for the “open sourcing” of best practice investment policies – the “UNCTAD Investment Policy Hub” – an integral part of the IPFSD.