Ethiopia, Mauritius and Spain received the 2017 United Nations Awards for Promoting Investment in the Sustainable Development Goals (SDGs) at UNCTAD’s Investment, Enterprise and Development Commission in Geneva, Switzerland on 20 November 2017.
Ethiopian Investment Commission (EIC) is the winning agency on the Ethiopian side, according to UNCTAD press release.
EIC won the awarded for its instrumental role in facilitating the development of Hawassa Industrial Park as an eco-friendly textile and apparel facility with efficient use of water and energy, waste treatment, and renewable energy.
The commission has also attracted high-quality investments to the park, which employs more than 12,000 people, over 80 percent of which are young women who can use onsite social facilities, including health care and education services.
UNCTAD Investment and Enterprise Director, James Zhan said during the awards ceremony “the award-winning agencies have demonstrated that leading inward and outward investment promotion agencies are acting proactively on the SDGs and achieving noteworthy results.”
COFIDES of Spain and Board of Investment of Mauritius were the other winners.
“Developing countries face an annual investment gap of 2.5 trillion USD in SDG-oriented investment, and foreign direct investment can play a critical role in filling this shortfall,” Zhan pointed out.
The award can help spur more efforts at the national and international levels to promote more quality investment in the SDGs, the Director added.
The awards for 2017, 2018 and 2019 have been dedicated to promoting investment that contributes towards the SDGs in order to mainstream the goals into investment policies and promotion, it was learned.
The investment promotion awards have been presented annually since 2002 as part of UNCTAD’s investment promotion and facilitation program to honor and disseminate best practices among investment promotion agencies and celebrate their achievements.