(b) Regional investment programme for ECO member countries.

Portfolio management

(b) In order to establish accountability, the Investment Management Service should either (i) ensure that the fixed income investment officer acts with greater independence in the management of the portfolio or (ii) consider outsourcing the fixed income portfolio while maintaining the investment officer to monitor the performance of the outsourced portfolio (AS2003 801 02 011)

The Joint Social Investment Programme

39. Of the three forms of private capital flow (loans, FDI and portfolio equity), FDI and portfolio equity investments are more relevant in the present context of African economies.

(c) Diversify the portfolio in respect of asset type, currency and geography

1. Investment promotion techniques

(b) Focus on the effectiveness and appropriateness of the process of (i) determining an investment strategy and (ii) executing that strategy, including determination of asset allocation, investment selection and portfolio management with respect to both monitoring and risk abatement techniques.

Article 6 The State shall protect the lawful rights and interests of the persons who invest in the exploitation of the coal resources according to law.

In this regard, UNCTAD was encouraged to offer greater support to the OECD NEPAD Investment Initiative to improve the investment climate in African countries so as to promote both domestic and foreign direct investment.

With this background, Deloitte and Touche, the consulting company, reviewed the current practices as regards the Fund's investments and has recommended a fundamental change of the investment alignment. The recommendations include

Table 2 Outward FDI promotion programmes of OECD member countries, early 1990s

The importance of cooperation with the United Nations Industrial Development Organization (UNIDO) in the areas of investment and enterprise development was also mentioned.

Investments will be made subject to programme country demand, matched by adequate funding, and fulfillment of basic investment criteria.

Defining legal and organizational conditions for investors in the construction of social housing.

Examples of the latter could include provisions aimed at enterprise development, OFDI promotion programmes and outbound investment missions in conjunction with investment promotion authorities.

A provision of 10,191,900 is made for contractual services for portfolio management.

(d) Alternative investments offer the opportunity for an enhanced risk return profile for a pension investment portfolio.

There are encouraging signs of growing investor interest in African securities portfolios.

In this connection, the Committee was informed by the representative of the Secretary General for the investments of the Fund that the examination of portfolio management would be most appropriately carried out by an outside firm with demonstrated investment accounting expertise.

It's the best way to protect our investment.

Through the integrated programme, UNIDO could assist in bringing those opportunities to the attention of international investors.

Or the deposits can be investments in D.E. Shaw s funds and the loans can be the complex derivatives that make up D.E. Shaw s portfolio.

Figure 18 Cost of management of the Fund's portfolio by the Investment Management Service

Its tools include methodologies to identify and formulate investment technology transfer proposals, application of software to appraise their potential, and the organization of investors and of investment technology markets (INTECHMARTs) to bring together international partners for investment and technology transfer.

27. There are three main categories of private resource flow loans, foreign direct investment (FDI), and portfolio equity investment.

The idea is that a professional manager who chooses assets and markets in which to invest can outperform the average return of buying the whole market. These funds are supposed to get you alpha absolute superior returns, rather than the market beta.

It has created 200 jobs, 20 per cent of them for women.

(d) In view of the size and diversification of the investment portfolio, the Investment Management Service should increase the number of investment managers or review the possibility of hiring additional discretionary investment advisers (AS2001 95 1 14)

Source OECD, Promoting Foreign Direct Investment in Developing Countries (Paris OECD, 1993).

Cooperation has been extended to investment guides for LDCs, and investment policy reviews have been conducted jointly.

The Meeting is expected to further the exchange of best practices among host country investment promotion institutions, and encourage greater cooperation among inward and outward investment promotion programmes.

International financing institutions could increase overall resource commitments to water and sanitation, as well as reorient their portfolios, making use of dedicated financing initiatives for greater investment in rural and smaller settlements.

Also important for the facilitation of outward FDI are investment guarantee schemes, especially for investments in countries in which the political and legal situation is not considered stable.

31. In addition, to enable investors to minimize their risks and to diversify their portfolios, there is a need to widen the investment sphere. This requires assisting the MFIs which are potentially eligible for this kind of investment in making their case vis à vis potential investors.

He also called for increased cooperation among international organizations on matters related to FDI and pointed to the example of the recent Global Investment Forum in this regard.

(c) What are the steps in undertaking an investment from plans to operations and how can these steps be facilitated so that potential investors do not lose interest?

Under option one, UNOPS relies on short term, rapid return portfolios to build its investment capital and reserves.

UNESCO continued to advocate increasing investment in education.

Is it more effective to offer a general incentives package or to negotiate deals responding to the particular conditions of individual investments?

All term deposits are placed following the United Nations investments policies and guidelines.

Large investors diversify their asset portfolio in order to optimize their risk return ratio.

(b) To review the procedures and operating methods of the Investment Management Service

(b) greater legal certainty for trade and investment

UNCTAD apos s experience in the area of FDI should also be used to discuss the proposals for a multilateral investment agreement, in cooperation with other international organizations such as WTO and OECD.