FDI and the investment climate in the CIS countries /
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Author / Creator: | Shiells, Clinton R., author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, ©2003. |
Description: | 1 online resource (34 pages) |
Language: | English |
Series: | IMF policy discussion paper ; PDP/03/5 IMF policy discussion paper ; PDP/03/5. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12494806 |
Summary: | In view of 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 favorable investment climate. Direct investment inflows have generally been related to natural resource extraction or energy transportation infrastructure projects, large privatization transactions, and debt/equity swaps to pay for energy supplies. Low FDI inflows despite strengthening macroeconomic performance has reflected a weak investment climate particularly owing to incomplete structural reforms. IMF staff working on the countries concerned cited burdensome tax systems, widespread corruption, extensive state intervention coupled with weak legal and regulatory frameworks, and incomplete structural reforms as the main impediments. |
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Item Description: | "November 2003." "European II Department." |
Physical Description: | 1 online resource (34 pages) |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references. |
ISBN: | 9781455279982 1455279986 9781455262908 1455262900 1462316913 9781462316915 1451972849 9781451972849 |