The recent global financial crisis had a significant impact on the Foreign Direct Investment (FDI) inflows to the ESCWA region. FDI inflows to the ESCWA region started to drop in 2008 for the first time since 2001. Specifically, FDI inflows to the ESCWA region were an estimated $60 billion in 2008, compared to $64 billion in 2007, thereby registering a decrease of 6.3 per cent. The percentage of FDI inflows remains small as a fraction of the size of the ESCWA region compared to other emerging markets particularly in countries such as Iraq, Jordan, Lebanon, Syria and Yemen.
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