FDI and the Investment Climate in the CIS Countries
Article from: OGEL 3 (2004), in Geopolitics of Energy
Abstract
In view of the disappointing levels of inward foreign direct investment (FDI), this paper examines capital flows into the Commonwealth of Independent States (CIS) countries and investigates the main impediments to a more favourable investment climate. Direct investment flows have generally been related to natural resource extraction or energy transportation infrastructure projects, large privatisation transactions, and debt/equity swaps to pay for energy supplies. Low FDI inflows, despite strengthening macroeconomic performance, has reflected a weak investment climate ...