Kathmandu to host Nepal-India Think Tank Summit

The Nepal-India Think Tank Summit 2018 is going to take place in Kathmandu on Tuesday.
Nepal Communist Party co-chairman Pushpa Kamal Dahal is inaugurating the summit jointly hosted by Asian Institute of Diplomacy and International Affairs (AIDA) and Nehru Memorial Museum Library, AIDIA CEO Sunil KC informed.
"India’s ruling Bharatiya Janata Party’s secretary general Ram Madhav is delivering a keynote speech," he said, adding that Nepal will – for the first time – address the need for greater collaboration and knowledge-sharing among Nepali and Indian think tanks, as well as the particular problem of bridging the gap between think tanks and policymakers in the region. "The summit is proposed to become an annual feature and will be hosted alternatively each year in Nepal and India."
Nepal Council of World Affairs, Confederation of Nepalese Industries (CNI), Nepal Economic Forum (NEF), Institute for Integrated Development Studies (IIDS), Indian Council for Research on International Economic Relations (ICRIER), Observer Research Foundations (ORF), Institute for Défense Studies and Analyses, Vivekananda International Foundation, Nepal Institute for Strategic Studies (NISS), Centre for International Security (CIS), Gateway House, Brookings India, and Centre for Nepal and Asian Studies will be participating in the summit.
“The aim of the summit is to support the networks and promote mutual understanding through institutional collaboration on resources sharing among think tanks of the two countries, to facilitate cooperation and knowledge-sharing among think tanks, and to reflect on the work of think tanks and the challenges they are facing,” KC added. "
Policymakers, government representatives, diplomatic missions, academicians, business sectors and media personnel will engage in open and rational discourse to draw meaningful conclusions and recommendations at the summit."

Global FDI slips last year

Global flows of foreign direct investment (FDI) fell by 16 per cent in 2017 to an estimated $1.52 trillion, from a revised $1.81 trillion in 2016, according to the latest UNCTAD Global Investment Trends Monitor.
“FDI recovery continues to be on a bumpy road," said UNCTAD secretary-general Mukhisa Kituyi. “While FDI in developing countries remained at a level similar to the previous year, more investment in sectors that can contribute to the Sustainable Development Goals is still badly needed," he said, adding that promoting FDI for sustainable development remains a challenge.
A slump in FDI flows to developed countries (-27 per cent) was the principal factor behind the global decline. A strong decrease in flows was reported in Europe (-27 per cent ) as well as in North America (-33 per cent ), mainly due to a return to prior levels of inflows in the United Kingdom (UK) and the United States (US) after spikes in 2016. This decline was tempered by an 11 per cent growth in flows to other developed economies, principally Australia.
FDI to developing economies remained stable, at an estimated $653 billion, 2 per cent more than the previous year. The FDI Flows rose marginally in developing Asia and Latin America and the Caribbean, and remained flat in Africa. Developing Asia regained its position as the largest FDI recipient region in the world, followed by the European Union (EU) and North America.
In the world’s transition economies, FDI declined by 17 per cent to an estimated $55 billion, mainly due to a drop in the Russian Federation and lacklustre inflows across most of the Commonwealth of Independent States (CIS).
“The decline of global FDI flows is in stark contrast to other macroeconomic variables, such as GDP and trade growth, which saw substantial improvements in 2017,” said James Zhan, Director of UNCTAD’s Investment Division. “Upward synchronisation of the trends in 2018 is probable, but risks are abundant.”
The UNCTAD Global Investment Trends Monitor also showed that, after three years of growth, cross-border mergers and acquisitions declined in 2017. Their growth had already slowed in 2016, and they went on to contract by 23 per cent in 2017, to $666 billion. However, this still represented the third-highest level since 2007.
Preliminary data on the value of announced greenfield FDI projects show a decline of 32 per cent to $571 billion, or 17 per cent in number of projects, their lowest level since 2003. If confirmed, the drop in greenfield project announcements would be a negative indicator for the longer term. Of particular concern is the near halving of the value of project announcements in developing economies, although the fall in project numbers was limited to 23 per cent.
Higher economic growth projections, trade volumes and commodity prices would normally point to a potential increase in global FDI in 2018. However, elevated geopolitical risks and policy uncertainty could have an impact on the scale and contours of any FDI recovery in 2018. In addition, tax reforms in the United States are likely to significantly affect investment decisions by US multinationals, with consequences for global investment patterns.