What's New

The seventh joint report of the UNCTAD-OECD on G20 countries' investment policies was released on May 29. This report is released every seven months and looks at recent policy measures taken by G20 countries to determine possible impacts they may have on the global investment and economic situation. The report was called for during the 2011 Cannes Summit as part of the G20 leaders' commitment to reduce protectionist policies.

The importance of global food security is being reinforced in various global venues, from the G8 summit last week to the upcoming Rio+20 conference . The upcoming G20 meetings in Mexico will also bring increased attention to the challenge of food security, addressing ways to increase food production and agricultural productivity on a sustainable basis to promote food security and foster economic growth worldwide.

While Africa is the center of much development and policy research, many emerging issues still do not receive the necessary attention and investment. The African Growth and Development Policy (AGRODEP) Modeling Consortium has issued its first annual call for competitive grant proposals to address such gaps in research. The AGRODEP team has selected as this year's topic Foreign Direct Investment in Land (FDI), Land Markets and Land Institutions, and Development of the Agricultural Sector in Africa. Proposals can address any or all of the aspects of this topic.

May 25 marks Africa Day, the annual commemoration of the founding of the Organization of African Unity (now recognized as the Africa Union) in 1963. The annual celebration honors ongoing efforts to address inequality, poverty, and conflict in the region. The theme of Africa Day 2012 is "Towards the Realisation of a United and Integrated Africa and Its Diaspora," calling for unity among all Africans in working for greater political and economic development. The next AU Summit will be held in Malawi in July, at which time the AU Chairperson will be elected.

The global economic environment has been characterized in recent years by high debt levels, financial volatility, high levels of risk, and a persistent development gap. With the world still reeling from the recent economic downturn, achieving sustainable economic growth remains a formidable challenge for developing countries. Worldwide economic growth in 2012 is expected to remain moderate, with weak growth in most developed countries and slowing growth in the developing world.