The WIR focuses on trends in foreign direct investment (FDI) worldwide, at the regional and country levels and emerging measures to improve its contribution to development. It has been published annually since 1991 by the United Nations Conference on Trade and Development (UNCTAD).
Each year´s Report covers the latest trends in FDI around the world and analyses, in depth, a selected topic related to FDI and development. This year's subtitle is Global Value Chains: Investment and Trade for Development.
For 2013, the report offers recommendations for how developing country governments can effectively channel investment so that their economies move up global value chains.
The report provides some appealing revelations especially for Africa.
For instance, the report notes that developing countries took the lead in attracting FDI in 2012. For the first time ever, developing economies absorbed more FDI than developed countries, accounting for 52 per cent of global FDI flows.
Meanwhile, FDI flows to West Africa declined by 5 per cent to $16.8 billion according to the report.
We are here today to officially launch the UNCTAD WIR 2013. In order to help us dissect the content of the report, we have Mr. Philip Cobbina, Lecturer in Business Policy and Strategy & International Business Management, GIMPA school of Business. Mr. Cobbina has done some work for UNCTAD in the past.
You will also agree with me that it is important to place this report within the Ghana context and understand what areas we as a country could grasp to address some of the challenges we face as discussed in the report.
To help us do that is the Representative of UNIDO, (UN Industrial Development Organisation), Mr. Frank Van Rompaey.
The agency that coordinates all investment activities in the country except mining and petroleum is GIPC. The Director of Research, Mr. Kofi Antiri will make a brief statement in reference to the report.
And our honorable Deputy Minister for Trade and Industry, Hon. Edwin Nii Lantey Vanderpuye is here to do us the honour of launching this important document.
We are also ably supported by a representative from IFC, the Investment Officer, Bertha Moniba.