Global foreign direct investment (FDI) flows decreased by 49% year-on-year in the first half of this year as Covid-19-induced lockdowns around the world slowed existing investment projects and the prospects of a deep recession led multinational enterprises (MNEs) to reassess new projects. In a statement on October 27, the United Nations Conference on Trade and Development (Unctad) said the decline cut across all major forms of FDI and that new greenfield investment project announcements had decreased by 37%, cross-border mergers and acquistions (M&As) by 15% and newly announced cross-border project finance deals by 25%.
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