Sustainable investment requires partnerships at all levels 22 April 2012 This morning’s World Leaders' Investment Summit called upon businesses, NGOs and governments to join forces in crafting and implementing investment policies that create jobs, adopt a long-term outlook and benefit a wide stakeholder base. Global investment is recovering more slowly than global trade. With further global economic and financial turbulence a possibility, businesses are holding back much of the US$ 5 trillion of free cash on their balance sheets that could be used for productive investment. Broad public-private partnerships and clear regulatory frameworks are necessary for reversing this trend. A major opportunity for promoting sustainable development lies in involving large sovereign wealth funds.
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 H.E. Ahmad Bin Abdullah Bin Zaid Al-Mahmoud Deputy Prime Minister, Mr. Supachai Panitchpakdi, Secretary-General of UNCTAD and Mr. Jean-Guy Carrier, Secretary-General, International Chamber of Commerce |
These were some of the major points raised by high-level panellists at this morning’s World Leaders' Investment Summit, calling for investment policies that assist job creation and sustainable development. H.E. Ahmed Bin Abdullah Bin Zaid Al-Mahmoud, Deputy Prime Minister and Minister of State for the Council of Ministers Affairs of Qatar, reminded of the joint work of Qatar and UNCTAD in this regard, particularly in providing opportunities for women and young people, in part through the Qatar-UNCTAD initiative for young entrepreneurs.
Dignitaries at the Summit, held as part of World Investment Forum (WIF) 2012, called for increased investment in infrastructure, in particular water and energy, as well as in agriculture and social sectors such as education and health. Investment should assist developing countries in building productive capacities, they emphasised.
Business leaders present called for stable and predictable investment policy environments conducive to international investment. In a world economy emerging from a global economic crisis, investment policymaking faces new realities: this, in turn, requires new policies, they said.
At the Summit, H.E. Mr. Moncef Marzouki, President of the Republic of Tunisia, offered to host the next WIF in Tunisia in 2014, adding his invitation to prior expressions of interest from Japan, Malaysia, China, and Dubai.
The Summit was addressed via video by former United States President, Bill Clinton.
Panellists at the Summit were:
H.E. Ahmed Bin Abdullah Bin Zaid Al-Mahmoud, Deputy Prime Minister and Minister of State for the Council of Ministers Affairs, Qatar H.E. Sheikh Hasina, Prime Minister of the People's Republic of Bangladesh H.E. Mr. Ikililou Dhoinine, President of the Union of the Comoros H.E. Mr. Issoufou Mahamadou, President of Niger H.E. Mr. Moncef Marzouki, President of the Republic of Tunisia H.E. Ms. Tarja Kaarina Halonen, Former President of the Republic of Finland and Co-chair of the UN Secretary–General’s High-Level Panel on Global Sustainability H.E. Mr. Abdelkader Bensalah, President of the Senate of the People's Democratic Republic of Algeria Mr. Dominic Barton, Managing Director, McKinsey & Company, Inc. Mr. Peter Brabeck-Letmathe, Chairman, Nestlé S.A. Mr. Jean-Guy Carrier, Secretary-General, International Chamber of Commerce Mr. Christophe de Margerie, Chairman and CEO, Total Mr. Steen Riisgaard, President and CEO, Novozymes Mr. Hugo Sigman, President and CEO, Grupo Insud Mr. Supachai Panitchpakdi, Secretary-General of UNCTAD. _____________________________________________________________
For more infor visit: http://www.unctad-worldinvestmentforum.org |
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