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Foreign Direct Investment

MIGA programme

MIGA $6.5bn COVID-19 programme supports developing countries

The Multilateral Investment Guarantee Agency (MIGA) in financial year 2021(FY21) issued $5.6 billion in CVID-19 relief to date as part of their $6.5 billion COVID-19 Response Program. In FY21, 25% of MIGA issuances were in low-income countries and fragile settings and 26% went towards supporting climate finance.
climate finance

Foreign direct investment in Africa decreased by 16% in 2020

Foreign direct investment in Africa has seen a decline of 16% in 2020, this is according to the recently published UNCTAD’s World Investment Report 2021. COVID-19 had a significant impact on FDI on the continent from $47 billion in 2019 to $40 billion in 2020.
Municipalities given the green light to procure power from IPPs

Algeria set to launch a call for tenders for renewable energy IPPs

The government of Algeria is preparing to launch a call for tenders for independent power producers (IPPs). The aim of this call for expressions of interest is to select companies to produce 1,000MW of renewable energy.
Renewables acquisition

Global FDI hit $1.39tn in 2019, growth expected for 2020

Global FDI totalled $1.39tn in 2019, and are expected to rise moderately in 2020, according to a UN Conference on Trade and Development Investment Trends Monitor.