Nicola Lipari’s Post

👉 Between 2020 and 2022, the Republic of Moldova successfully attracted over $1 billion in foreign direct investment, with 83.4% coming from the European Union. Our country is becoming an increasingly attractive destination for foreign investors due to a series of fiscal reforms and government policies implemented in recent years across various sectors of the national economy, as well as enhanced promotional efforts.  👉 Investment distribution by sectors: 23.8% Financial Sector 20.2% Manufacturing 19.1% Energy Sector 18.9% Trade 5.7% ICT Other sectors received 12.3% These investments not only strengthen the economy but also create jobs, stimulate innovation, and promote sustainable development. Join us at Moldova Business Week to learn more about the country’s investment climate. 👉 Register at www.mbw.md or watch the events online on the Invest Moldova Agency's page. #moldova #foreigninvestments #moldovabusiness week

Guyana and the Dominican Republic have emerged as the leading drivers of Foreign Direct Investment (FDI) in the Caribbean region for 2023. This is according to an August 8, 2024 report by the Economic Commission for Latin America and the Caribbean (ECLAC). The report highlights that the region experienced a 27.6% increase in FDI compared to 2022. Guyana recorded an impressive FDI inflow of US$7.198 billion. This reflects a 64% surge over 2022. Similarly, the Dominican Republic continued to attract record FDI in 2023, surpassing its historic high of 2022 with inflows totaling US$4.39 billion. The strategic leadership of Guyana’s President, Dr. Mohamed Irfaan Ali and his counterpart, President Luis Abinader of the Dominican Republic, have been instrumental in creating an enabling environment for mounting investments in their respective countries. Indeed, their policies for economic growth are not only bearing fruit, but their reinvigorated relations which promote knowledge sharing and technology transfer are surely welcomed. It is my sincere hope that both Heads of State continue to work together, build on their successes, and leverage their nation’s wealth for the benefit of the wider Caribbean region. To learn more about the region's performance, follow this link: https://lnkd.in/gr5YusCw.

Global Sovereign Advisory’s (GSA) study highlights the importance of Special Economic Zones (SEZs) in Africa for attracting investments. To be effective, SEZs must specialize, diversify their incentives beyond tax benefits, and have strong governance. Countries like Morocco have successfully attracted investments in high-tech sectors, and there remains significant potential to further enhance job creation in these areas. To ensure long-term competitiveness, SEZs need to diversify incentives and receive strong political support. Read more : https://bit.ly/4btofPN Stay tuned for more updates :👇 Facebook: https://bit.ly/48ZCMBr  X: https://bit.ly/42AWzoq

Uzbekistan overview The EBRD’s Country Strategy for Uzbekistan identifies the following operational and strategic priorities for the EBRD’s work in Uzbekistan: Enhancement of competitiveness by strengthening the role of the private sector’s role in the economy Promotion of green energy and resource solutions across sectors Support increased regional and international cooperation and integration. The EBRD strategy for Uzbekistan recognises the need to strengthen the country’s path to reform, expand the role of civil society, provide greater freedom to mass media and promote women’s entrepreneurship. The EBRD continues working on the improvement of the investment climate in Uzbekistan by facilitating the activity of the Foreign Investors’ Council, which is serving as a platform for dialogue between foreign investors and the authorities fostering reforms. The Bank also continues providing support for Uzbekistan’s green transition. Its investment contributes to a long-term decarbonisation plan that the EBRD and the government of Uzbekistan have jointly developed and which aims to achieve a carbon neutral power sector by 2050. https://lnkd.in/d7BzkbQm

UPDATE 2/16/2024: Appendix G now contains answers to all questions asked. #RequestForProposals: The USAID-funded Moldova Institutional and Structural Reforms Activity (MISRA) is seeking technical and price proposals from eligible firms with experience in feasibility studies to: • Support the stimulation of a sustainable and inclusive recovery from the regional crisis; • improve the institutional, business, and trade enabling environment; • support #Moldova's public institutions and the #privatesector in accelerating the implementation of #trade liberalization mechanisms and #financialsector reforms; • adopt structural and #investment climate reforms, • improve #economicgovernance in the public sector, and trade and logistics; • and enhance #strategiccommunications between the private and public actors. Deadlines: • Questions regarding the Request for Proposal: February 5 (in electronic copy) • Final Proposals: February 29, 2024 (in electronic copy only) The full RFP and instructions for potential offerors are provided in the following link: https://hubs.la/Q02j1w8f0

KSA and UAE Strengthen Investment Ties with Egypt and Argentina On October 1, 2024, the Kingdom of Saudi Arabia (KSA)’s Council of Ministers officially authorized the signing of a new Investment Protection Agreement (IPA) with Egypt, marking a significant milestone in enhancing bilateral economic relations. The IPA aims to provide greater legal security and stability for Saudi investments in Egypt, addressing long-standing challenges faced by Saudi investors in the region. The move comes amid broader efforts to boost mutual investment flows between the two countries and improve the overall investment climate in Egypt, which has been the target of major reforms in recent years. The new IPA is part of a wider strategy to enhance cooperation in key sectors, including infrastructure, tourism, and renewable energy. Egyptian Prime Minister Mostafa Madbouly emphasized the importance of this agreement during a recent meeting with the Saudi private sector in Riyadh. He reiterated Egypt’s commitment to resolving any remaining disputes with Saudi investors and outlined the government’s plans to implement further reforms that would improve the ease of doing business and attract more foreign investments. The agreement is expected to be finalized and implemented within the next two months, following necessary legislative procedures. In a parallel development, Argentina’s Chamber of Deputies approved its own Investment Protection Agreement with the United Arab Emirates (UAE) on October 1, 2024. The agreement, initially signed in 2018, was ratified after several years of deliberation and is set to provide a structured framework for protecting Emirati investments in Argentina. The deal is expected to enhance Argentina’s appeal as a destination for foreign investment, particularly in sectors like agriculture, infrastructure, and renewable energy. This agreement aligns with Argentina’s broader strategy to diversify its foreign investment portfolio and strengthen economic ties with the Gulf region. These joint developments highlight a trend in which Middle Eastern and Latin American countries are increasingly engaging in bilateral agreements to promote economic cooperation and secure foreign investments. Both agreements are expected to contribute significantly to regional stability and mutual economic growth by providing transparent and reliable frameworks for investment protection. Further updates on the implementation and impact of these agreements will be closely watched as the respective countries move forward with their legislative and regulatory processes. #InvestmentProtection #GlobalTrade #EconomicPartnerships Stay ahead in the tax landscape with our Newsletter: https://lnkd.in/diSmTgZg the latest GCC tax updates directly to your inbox!

African economic diversification strategies...(Continued) What are the challenges and opportunities in attracting foreign direct investment (FDI) to Africa? By Hugo Keji Challenges and Opportunities in Attracting Foreign Direct Investment (FDI) to Africa:- Attracting Foreign Direct Investment (FDI) is crucial for Africa's economic growth and development. FDI can bring capital, technology, skills, and jobs

Government bureaucracy hindering Foreign Direct Investment The Ethiopian government faces a pressing challenge in attracting new foreign direct investment (FDI) and fostering economic development due to bureaucratic delays and land scarcity, exacerbated by the forthcoming land proclamation. The complexity of administrative procedures and the limited availability of investment land pose significant obstacles to FDI. Outside of designated industrial parks, the management of land in Ethiopia is decentralized to state and city governments, complicating the process for investors seeking land outside these zones. Research in the sector indicates that acquiring sufficient land in Ethiopia is a major hurdle for investors, with unpredictable timelines and pricing adding to the difficulty. read more 👉🏿 https://lnkd.in/dk8-78hR

Kouchouk highlights EU’s key role as economic partner, shares intent to boost EU investments During a meeting with Christian Berger, the European Union Ambassador to Egypt, Finance Minister Ahmed Kouchouk highlighted the pivotal role of the European Union (EU) as a key economic partner for Egypt, emphasizing the potential for enhanced collaboration to serve mutual interests. Kouchouk expressed a strong desire to boost EU investments in Egypt while underscoring the government's commitment to improving the investment climate through incentives tied to tangible outcomes and objectives. The minister noted that upcoming financial policies are expected to significantly influence risk management and economic competitiveness. #egypt #EU #economy #investment Read more: https://lnkd.in/dj6BSBXN

In 2023, Africa's growing attractiveness for foreign direct investment (FDI) is highlighted by countries such as Egypt, South Africa, Ethiopia, and Uganda leading the rankings. Egypt retains its position as the leader, while South Africa, despite a slight decline, remains a key destination due to its infrastructure and diversified economy. Ethiopia and Uganda are experiencing strong FDI growth, driven by structural reforms, particularly in agriculture, manufacturing, and services. Conversely, Tunisia, although not among the top 20, has significant assets, including a skilled workforce, strategic geographic location, and a favorable legal framework. However, it faces increased competition and must strengthen its political and economic stability to attract more investment. To adapt to this context, Tunisia should stabilize its political environment, enhance institutional quality, and accelerate economic reforms to diversify its economy, focusing on information technology, renewable energy, and industrial innovation. Improving the business climate by simplifying administrative and fiscal procedures is crucial for stimulating private investment, as is investing in human capital through training aligned with market needs. Additionally, sustained efforts to modernize infrastructure, particularly in transport and telecommunications, could enhance the country’s competitiveness. Finally, strengthening international relations, including greater integration into African markets and economic partnerships with global powers, would enable Tunisia to leverage its strengths and attract more FDI.