evidence: In Asia, developing economies remained nevertheless attractive destinations for greenfield projects, despite drops of FDI of 6% in China and 47% in India. Similarly, ASEAN economies saw a decline of 16% – despite a 37% increase in greenfield investments. [...] African FDI flows, meanwhile stayed stable at an estimated USD48 billion with strong engagement in Morocco, Kenya, and Nigeria. An issue seemed to have been infrastructure engagements, which dropped by more than 30% in Africa. [...] Looking ahead, UNCTAD expects a modest increase in FDI flows in 2024 with moderate inflation and tempered borrowing cost. However, geopolitical risks, and high debt levels remain a concern for global FDI flows.