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Barbados received $524 million in foreign direct investment last year, putting it among a select group of small island developing states (SIDS) that received the most of such inflows.
That is based on foreign direct investment (FDI) information published in the United Nations Conference On Trade And Development’s (UNCTAD) World Investment Report 2021.
“In Barbados, inflows increased by 22 per cent to $524 million despite the pandemic. FDI diversification efforts targeted renewable energy, creative and artistic industries and agro-industries, among others,” the report stated.
UNCTAD reported that in 2020, under the strains of the pandemic, FDI inflows to the SIDS fell by 40 per cent, to $5.2 billion, and said this drop “eliminated the gains recorded in 2019, which followed three consecutive years of decline”.(SC)
India, China, S Africa fared ‘relatively better’ than other major economies in Q1 of 2021: UN
PTI
United Nations |
Updated on
May 19, 2021
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According to the latest UN data, the global trade recovery from the Covid-19 crisis hit a record high
India, China and South Africa have fared “relatively better” than other major economies in imports and exports in the first quarter of this year, according to the latest UN data which said that global trade recovery from the Covid-19 crisis hit a record high during in the same period.
The Global Trade Update by the United Nations Conference on Trade and Development (UNCTAD) on Wednesday said that in Q1 2021, the value of global trade in goods and services grew by about 4 per cent quarter-over-quarter and by about 10 per cent year-over-year.