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December 8, 2020
Investment Promotion Agencies from Estonia, India, and Rwanda receive UN Awards for excellence.
• The Costa Rican Investment Promotion Agency wins special recognition for mainstreaming gender in investment promotion.
Photo: UNCTAD held its 12th Debt Management Conference at the Palais des Nations in Geneva, Switzerland, from 18 to 20 November 2019. The conference was followed by the Debt Management and Financial Analysis System (DMFAS) Programme Advisory Group, on 21 and 22 November 2019. Image provided by & Copyright © UNCTAD. Photo by Jean-Philippe Escard (UNCTAD). File Photo.
Photo: UNCTAD Secretary-General Mukhisa Kituyi presents an award to Claudia de Heredia. UNCTAD’s eTrade for Women initiative. Seven women from across the developing world were announced as UNCTAD’s first “eTrade for Women Advocates” on 24 September on the margins of the 74th session of the UN General Assembly in New York. These women are crushing the gender gap by building flourishing digital businesses and creating wealth and employment in their countries through vision, passion, and dedication. Image provided by & Copyright © UNCTAD. Photo by Tim Sullivan (UNCTAD). File Photo.
Photo: UNCTAD Secretary-General Mukhisa Kituyi presents an award to Xiaofei Yao. UNCTAD’s eTrade for Women initiative. Seven women from across the developing world were announced as UNCTAD’s first “eTrade for Women Advocates” on 24 September on the margins of the 74th session of the UN General Assembly in New York. These women are crushing the gender gap by building flourishing digital businesses and creating wealth and employment in their countries through vision, passion, and dedication. Image provided by & Copyright © UNCTAD. Photo by Tim Sullivan (UNCTAD). File Photo.
Geneva, Switzerland, 8 December 2020 — UNCTAD has awarded three investment promotion agencies for their responses to the COVID-19 pandemic crisis.
United Nations Conference on Trade and Development (UNCTAD) announced the winners during the 2020 Global Investment Promotion Conference, a satellite event of the World Investment Forum, organized by UNCTAD in partnership with the World Association of Investment Promotion Agencies (WAIPA).
UNCTAD Secretary-General Mukhisa Kituyi, and WAIPA President, Fahad Al Gergawi, opened the two-day online event on 7 December.
“The pandemic has brought to light the critical role of investment promotion agencies and other government institutions, such as special economic zones,” Dr. Kituyi said.
“As many undergo a re-strategizing process, they need to stay informed of investment megatrends and policy evolution and understand the consequences for investment promotion.”
The high-level inaugural session brought together business leaders and high-level representatives of international organizations to debate investment prospects, new ways to attract investment beyond the pandemic, and governments’ strategic reorientation.
The President of Botswana, Mokgweetsi Masisi, and Prime Minister of Barbados, Mia Mottley, delivered keynote addresses.
The session concluded with the UN Investment Promotion Awards presentation by UNCTAD’s director of investment and enterprise, James Zhan.
• Winning agencies commit to innovation.
The Estonian Investment Agency won the award for its innovativeness in supporting its stakeholders and investors during the pandemic through digital solutions. These included initiating chatbot and e-consulting services and virtual business visits for investors, leveraging the country’s information technology capacity and experience with e-government.
Invest India won the award in recognition of the breadth of the services and information that it has offered the Indian investment community since the onset of the pandemic.
A prime example of its work is the creation of Invest India’s comprehensive Business Immunity Platform.
The platform offers services such as a COVID-19 helpdesk, information on central and state advisories, notifications and government support measures, and the latest news on the pandemic.
The Rwanda Development Board won the award for the effective use of its advanced online business promotion and registration services during the pandemic and for setting up partnerships to facilitate and prepare the country’s economy for recovery.
These partnerships focus on developing new skills in the labor force, securing safety in the tourism sector, and promoting digitalization, among others.
• Special gender award
This year, UNCTAD gave a special award recognizing agencies’ effort to mainstream gender in investment promotion as part of broader work on gender and investment.
The Costa Rican Investment Promotion Agency (CINDE) received special recognition for its strategic approach in addressing gender in its work.
CINDE has set objectives, defined indicators, and developed partnerships to contribute to national commitments on gender equality and women’s empowerment and Sustainable Development Goal 5, which tackles this issue.
Since 2002, UNCTAD has awarded 60 investment promotion agencies and other organizations from 49 countries to promote sustainable development investment.
Source: United Nations Conference on Trade and Development (UNCTAD)
|GlobalGiants.Com|
Edited & Posted by the Editor | 8:45 AM | Link to this Post
