The IPA Observer: Investment Promotion agencies striving to overcome the COVID-19 challenge

The COVID-19 pandemic will cause a dramatic drop in foreign direct investment (FDI) flows. Multinational enterprises (MNEs), local businesses, and investment have been severely affected with far-reaching social and economic repercussions. Economic impact estimates and earnings revisions of the largest MNEs suggest that downward pressures on FDI could be in the range of -30% to -40% during the period 2020-2021.