COFIDES participates in the UNCTAD Investment, Enterprise and Development Commission

20/11/2017

Madrid, November 20, 2017.- The COFIDES chairman, Salvador Marin participated in the ninth session of the Investment, Enterprise and Development Commission of the United Nations Conference on Trade and Development held in Geneva, Switzerland.

Within a panel on the Investment as catalysts for accomplishing the 2030 Agenda for Sustainable Development, Salvador Marin highlighted that the private sector is a key part to achieve the accomplishment of the Sustainable Development Goals (SDG). This is why, in line with their commitment to the United Nations Global Compact, “COFIDES develops since 2016 a yearly analysis of the contribution to the SDG.”

Moreover, he highlighted that the presence of foreign direct investment in countries in which COFIDES operate eases the access to funding for a major part of the local business sector in a way that to a great extent, the local operators are themselves the direct beneficiaries of the funding instruments used.

According to this, he pointed out that “COFIDES’ actions foster social, environmental and economic sustainability of the investments, seeking to assure a long-term economic development within local communities and calculating an estimate of the positive impact for development that investments trigger in the country of destination, as well as the Foreign Direct Investment (FDI).

The Investment, Enterprise and Development Commission was set up in 2008 at the 12th UNCTAD. It is a major yearly meeting of the United Nations for worldwide investment stakeholders in which Member States, investment fostering entities and representatives of the business community, education systems and civil society take part.

 

 

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