Cite as https://mymun.com/ppdb/18685
Country: Swiss Confederation
Delegate: Pavel Daskalov, Deutsche Schule Sofia
Topic 1: National Sovereignty and Foreign Direct Investment in Africa
Topic 2: Promoting Economic Recovery after Natural Disaster
The first topic before ECOSOC is National Sovereignty and Foreign Direct Investment in Africa.
Switzerland has long since been engaged with the support of Africa through participation in initiatives, such as the 2030 Agenda for Sustainable Development, and wishes to actively support the effort of ECOSOC for its implementation. The Swiss Confederation has also recognized the potential of direct investment, which is why Switzerland some time ago began more actively encouraging economic relations to Africa.
Africa’s GDP growth is projected to accelerate to 4.1 percent in 2020, yet the necessity of attracting investment is still apparent, as that growth is not fast enough to address persistent fiscal and current account deficits. Investment will not only increase the quality of life by stimulating the local economy through the creation of local jobs, but will assist economically developing countries on their way towards independence from foreign aid. The Swiss Confederation understands that foreign capital does influence political climate, but views it as an inevitable sacrifice to allow economies to gain momentum.
Through organizations, such as the Swiss Investment Fund for Emerging Markets,...