MULTINATIONAL COMPANIES are optimistic in investing in developing countries over the short term but will remain cautious due to economic uncertainties, according to a report published by an international organization yesterday, noting that prospects are more positive in the medium term.
“Corporate investors… based both in the North and South — are cautiously optimistic about their investment plans in developing countries over the next 12 months but are more optimistic over the next three years,” according to the Multilateral Investment Guarantee Agency’s (MIGA) World Investment and Political Risk Report for 2011.
MIGA, a member of the World Bank Group that provides political risk insurance guarantees to private sector investors and lenders, conducted its survey among investors around the world during the first semester of 2011.
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By: Aubrey E. Barrameda
Source: Business World, December 8, 2011
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