The promotion of South-South investment in the Arab region is now more imperative than ever to meet a broader goal for the region’s long-term economic growth and achieving the SDGs. Impact investment is also a vital approach to support the Arab States in the achievement of their national priorities. It is also a great opportunity for the region to build regional integration of innovativeness, competitiveness and inclusiveness. To fully optimize the benefits of South-South investments, enabling policies, regulations and appropriate and relevant procedures are a necessary precondition. Additionally, access to information and a clear understanding of legal and policy environments among SSC partners can also promote optimum scaling up of South-South investment. Lastly, the absence of objective and systematic research and evaluation on the impact of South-South investments and the impacts of digitization means that there may be a missed opportunity for evidence-based policy formulation and implementation.
Opening Session & Session 1: South-South Investments for SDGs: Global, Regional and Country Trends, Experiences & Perspectives
This session discussed how South-South investments have contributed to the implementation of the SDGs and national priorities in the Arab region by sharing country examples. It also focused on main regional and interregional economic cooperation institutionsin the Arab region andidentified regional integration efforts highlighting various models and regional cooperation mechanisms as means for South-South Investments. Speakers provided countryperspectives and examples of practices and initiatives that worked and did not work; insights on policy and legal issues, management of diverse resource flows, and present future needs and priorities for South-South investment (e.g., Science, technology and innovations, structural transformation etc).
Session 1: South-South Investments for SDGs: Country and Regional Trends, Experiences & Perspectives:
Session 2: South-South Investment — Public-Private Partnerships and perspectives
The session discussed the incentives and challenges of South-South Investments along with risk management in the context of conflict and political instability, climate change, and inequality. It also identified policy and legal issues that are enabling or hindering countries to engage in SSC within and beyond the region. Both public and private sector perspectives were shared. It also provided insights, tools and capacities required to contribute to achieving the SDGs and to identify SDG investment opportunities in Low-income and Least Developed countries. This discussion also took into account the impact of COVID-19 on PPPs.
Session 3: Digital Economy and Its Contribution to South-South Investments
This session discussed the opportunities and challenges associated with the digital economy, especially when engaging in South-South investments. The session also discussed the importance of embedding digital development into investment policies and strategies that can further strengthen and enhance South-South investments in the region and provide new avenues for accessing overseas markets and engaging in global e-value chains. The session also took into account the digital divide between countries in the region and provided perspectives on regional efforts that can tackle this issue. Good practices and challenges from the region were shared, in light of the COVID-19 pandemic.
More information: https://www.southsouth-galaxy.org/Virtual+Arab+Regional+Workshop