The Role of Investment Promotion Agencies in the COVID Reality

Authors

  • Alexey Vladimirovich Kuzenkov Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2022-5-120-132

Keywords:

Investment Promotion Agencies, IPA, Foreign Direct Investment, FDI, COVID-19, Economic crisis, digitalization

Abstract

This article summarizes the impact of COVID-19 and the response of investment promotion agencies (IPAs) based on research done by the World Bank Group (WBG), the World Association of Investment Agencies (WAIPA), UNCTAD and the OECD. The economic crisis caused by the coronavirus pandemic was unprecedented. The study shows that many APIs moved to work remotely, keeping in close touch with investors and assisting with issues. The paper highlights priorities for investor support, including short- and long-term measures to mitigate the effects of the crisis.

Author Biography

Alexey Vladimirovich Kuzenkov , Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy, Postgraduate Student of the Department of International Trade and Foreign Trade of the Russian Federation

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Published

2024-01-26

How to Cite

Kuzenkov , A. V. (2024). The Role of Investment Promotion Agencies in the COVID Reality. Russian Foreign Economic Journal, (5), 120–132. https://doi.org/10.24412.2072-8042-2022-5-120-132

Issue

No. 5 (2022)

Section

Research reviews