Investment in emerging markets and developing economies (EMDEs) is projected to grow at a lower rate than the past two decades. This is concerning as investment is essential for boosting resilience to climate change, improving social conditions, and supporting long-term economic growth. During the pandemic, investment in EMDEs shrank by 1.5% (8% excluding China), a worse performance than in 2009. Investment growth is projected to average 3.5-4.1% in 2022-23, below the long-term average. To address this, investment policy reform is needed. Such reforms have been associated with significantly higher investment growth, by about 6 percentage points, on average. To help EMDEs reach their investment targets, policy reforms should be tailored to their individual circumstances.
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