São Paulo – The flow of foreign direct investments to poor and insular developing countries in 2014 was three times more than in 2002. In the same period, landlocked developing countries received four times more external funding, according to a report released this Friday (5th) by the United Nations Conference on Trade and Development (Unctad). The report states that the increase in foreign investments was reached after the holding, in 2002, of the Financing Development Conference, or Monterrey Consensus.
According to the document, poor countries and the islands received together a little more than US$ 300 billion in foreign investments in 2014. In 2002, they received, together, US$ 75 billion. Among poor countries, 34 were Africans, such as Sudan. The majority of islands were located in Oceania and Central America. The landlocked nations received a little more than US$ 300 billion in investments in 2014. In 2002, they received US$ 50 billion.
According to the report, to multiply by four the foreign direct investment in these countries from the current levels until 2030 is possible and consistent with the investments seen in the last few years. Among the benefits generated by these investments, Unctad cites job creation, technological dissemination and sustainable growth.
*Translated by Sérgio Kakitani
