VOL. XLVII

No 11

15-March-2004

CAPITAL MARKETS

FDI Inflows To ESCWA Region Fall Away From 1998 Peak

Flows of foreign direct investment (FDI) into the Economic and Social Commission for Western Asia (ESCWA) region fell away from a peak of $6.7bn in 1998 to just $1.1bn in 2001, according to figures published in the UN bodys Survey of Economic and Social Developments in the ESCWA Region. FDI flows into the region are intrinsically volatile, notes the report, because they are heavily dependent on oil...