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Book Cover
Author Shiells, Clinton R., author

Title FDI and the investment climate in the CIS countries / Clinton R. Shiells
Published [Washington, D.C.] : International Monetary Fund, [2003]
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Description 1 online resource (34 pages)
Series IMF policy discussion paper ; PDP/03/5
IMF policy discussion paper ; PDP/03/5
Summary Annotation 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
Notes "European II Department."
"November 2003."
Bibliography Includes bibliographical references
Notes 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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Online resource; title from home page (viewed Feb. 24, 2004)
Subject Investments, Foreign -- Former Soviet republics.
Former Soviet republics -- Economic policy.
Form Electronic book
Author International Monetary Fund. European II Department.
LC no. 2004615368
ISBN 1455262900
1455279986 (E-Book)