New forms of investments as drivers for a sustained post-COVID-19 recovery
When: 2 December 2021 at 8:20 – 9:20 a.m. (CET)
Where: The event will be hosted on Zoom and will be accessible to all interested participants via a dedicated link. Participants registered for the Conference will receive a direct link. Those not registered to the General Conference who wish to participate in this event are requested to click here.
The main target audience would come from the institutional as well as the policy-level and may comprise the following:
- Investment Promotion Agencies (IPAs)
- SME Development Agencies
- Private sector associations (Industrial associations, Chambers of Commerce)
- Women associations
- Industrial Parks Management Authorities
- Development Finance Institutions (DFIs)
- Ministries with a mandate of investment promotion (Industry, Energy, Environment, Infrastructure)
- Other investment government-owned investment regulators or registration bodies
- Firm level actors in priority sectors
A fundamentally new approach is required on how developing countries define their investment promotion and facilitation efforts to better cater to the needs of new investor groups, particularly impact investors and “quality” foreign direct investment (FDI). Impact Investment presents a paradigm shift to conventional investment thinking by focusing on positive social and environmental change. Impact investing can unlock substantial resources and presents new opportunities for business development targeting social impact, particularly in sectors deeply affected by COVID-19.
This is why the role of entrepreneurs and innovators becomes key as highlighted in the Sustainable Development Goals, and especially in Goal 9. The fast technological advancements facing our world today is unleashing exciting opportunities and at the same time creating challenges for us as experts and decision makers.
In this context, the UNIDO ITP Network, of particular ITPO Bahrain, developed the approach of the Enterprise Development and Investment Promotion Program (EDIP). EDIP enhances the domestic investment ecosystem stakeholders thus offering non-financial services and links to financial services to ensure financial inclusion and access to finance while, at the same time, building on ITPO Network services for technology sourcing and networking with international counterparts. Through the EDIP program achievements, ITPO Bahrain attributed to supporting entrepreneurs with “bankable projects” and has changed the lives of countless entrepreneurs worldwide who are creating prosperity for themselves, their communities and economies. Economic growth is driven by entrepreneurship, as well as by continuous economic diversification, increasing trade, industrial upgrading and technological innovation.
Together with experts from public and private sector (representing the investor and investee perspective), UNIDO intends to organize a side-event during the 19th General Conference that will promote the dialogue on how developing countries can better harness quality FDI and impact investing to achieve their inclusive and sustainable industrial development (ISID).
This interactive presentation will be followed by a moderated fireside chat on the actionable steps that developing countries should consider in a post COVID scenario to catalyze such investments and how public and private partnerships should be leveraged to this effect.
- Develop a better understanding of the magnitude and relevance of impact investing for developing countries’ industrialization efforts, including gender-targeted actions and gender mainstreaming;
- Explore a better understanding of a measurable public/private financial partnership for a bankable project to achieve a higher impact in the impact investments for digital transformation and innovation as well as climate-neutral industry and circular economy;
- Production of an Issue Paper on the role of UNIDO in facilitating the augmented flows of impact investing as well as quality FDI for structural transformation;
- Develop an understanding on available key performance and impact indicators, including gender-specific key performance indicators, and necessary steps towards greater uniformity in line with global best practices and new initiatives.
- Provision of inputs/recommendations for development and implementation of 4IR Strategic Framework through measurable public and private financial partnership;
- Development of background papers on the state of the art policies for application of frontier investment approaches applied to SMEs in developing countries through its domestic enabling framework;
- Development of Investment and Technology Promotion tool kits methodologies papers for least developed and middle-income countries.
Moderator: Selma Prodanovic
- Biviana Riveiro Disla, ProDominicana, Executive Director
- Jean-Michel Severino, Investisseurs & Partenaires, CEO
- Monde Nyambe, Principal Public Private Partnership Investment Officer, African Development Bank Group, Abidjan, Cote D’Ivoire
- Huang Feng, Shanghai FDI Association, President
- Hashim Hussein, ITPO Bahrain, Head