Investment in Landlocked Developing Countries

High-level Meeting

Date: 16 October 2014
Time: 10:30-13:00
Location: Palais des Nations, Room IX
Co-Chairs: Mr. Mukhisa Kituyi, Secretary-General of UNCTAD;  Mr. Gyan Chandra Acharya, United Nations Under-Secretary-General, UN-OHRLLS
Interpretation available
Organizing parties:

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Description

Foreign direct investment (FDI) to Land-locked Developing Countries (LLDCs) has been historically small but is on the rise with TNCs from the South continuing to be the main source. Many LLDCs have improved their investment climate and opened up sectors to foreign investment, but larger FDI inflows to LLDCs are often dominated by extractive industries. In this Forum, participants analyzed current developments and trends in investment flows and explored what needs to be done to increase the flow and impact of FDI to sustainable development in LLDCs.

Directly after the meeting, a brief ceremony was hold for the Launch of the UNCTAD Investment Guide to the Silk Road 2014.

Elements for the debate

  • How can LLDC governments further increase FDI inflows and direct them to investment projects in manufacturing, services and infrastructure where rising income levels create new opportunities?
  • How can FDIs including extractive industries help reach Sustainable Development Goals in LLDCs?
  • Many LLDCs have been struggling to attract FDI; is regional integrating a game changer?
  • What are the challenges companies typically face when investing in LLDCs?

Panelists
Government Ministers:

  • H.E. Mr. Lyonpo Norbu Wangchuk, Minister of Economic Affairs, Bhutan
  • H.E. Ms. Gertrude Zouta, Minister of Commerce, Industry, Crafts and Small and Medium Enterprises, Central African Republic
  • H.E. Mr. Ahmed Abitew Asfaw, Minister of Industry, Ethiopia
  • H.E. Mr. Temir Sariev, Minister of Economy, Kyrgyzstan
  • H.E. Mr. Sekhulumi Ntsoaole, Minister of Trade, Industry and Cooperatives and Marketing, Lesotho
  • H.E. Mr. Moustapha Ben Barka, Minister of Industry and Investment Promotion, Mali
  • H.E. Mr. Alma Oumarou, Minister of Commerce and Private Sector Development, Niger
  • H.E. Mr. Francois Kanimba, Minister of Trade and Industry, Rwanda
  • H.E. Mr. Robert Sichinga, Minister of Commerce, Trade and Industry, Zambia
  • H.E. Mr. Samuel Undenge, Deputy Minister of Finance and Economic Development, Zimbabwe
  • H.E. Mr. Bounthavy Sisouphanthong, Vice Minister for Planning and Economy, Lao PDR
  • H.E. Mr. Rigoberto Gauto, Vice Minister for Economic Relations and Integration, Paraguay

Private sector:

  • Mr. Kimball C. Chen, Chairman and Chief Executive Officer, ETG Companies
  • Ms. Anat Bar-Gera, Chairperson, YooMee Africa
  • Mr. Michael Tost, Head of External Affairs, Europe and North America, Vale International SA
  • Mr. Oudet Souvannavong, Vice-President, Lao National Chamber of Commerce and Industry

Discussant:

  • Ms. Louise Kantrow, ICC Permanent Representative at the United Nations

Launch of the UNCTAD Investment Guide to the Silk Road 2014

  • Mr. James Zhan, Director of the Division on Investment and Enterprise, UNCTAD
  • H.E.  Mr. Temir Sariev, Minister of Economy, Kyrgyzstan
  • H.E.  Mr. Wang Shouwen, Assistant Minister of Commerce, China