“South Africa has terminated all investment contracts to avoid legal battles,” Astrit Sulstarova, Chief, Trade and Data Section Investment Trends and Issues Branch, Division on Investment and Enterprise at UNCTAD told The24X7News (www.twentyfoursevennews.com).
Astrit, who was in Bahrain to announce the launch of the World Investment Report (WIR) 2014, highlighted the investment appetite in the global scenario and said many countries were seeking multilateral investment agreement.
UNCTAD’s Action Plan for Private Investment in the SDGs contains a range of policy options for responding to mobilization, channelling and impact challenges. However, concerted effort by the international community and by policymakers at national levels needs to focus on a few priority actions – or packages. Such a focused set of action packages can help shape a big push for private investment in sustainable development.