Middle East / North Africa and the Millennium Development Goals ...

Middle East / North Africa and the Millennium Development Goals
to 3.5 % of GDP, in Latin America and the Caribbean 2.7 %, in East Asia
and the Pacific 2.6 %, and in South Asia 2.4 % – while the corresponding
figure for the MENA is no higher than 0.6 % (UNDP 2004a). In fact, FDI
to MENA countries has even declined since 1990. The level of FDI is especially
low in the Gulf states, Yemen, the Palestinian Territories, and
Libya. In these countries it accounts for less then 0.1 % of GDP, and it
therefore not presented in the diagram. On the other hand, Tunisia has attracted
remarkably high levels of FDI, with figures rising from 0.6 % of
GDP in 1990 to 3.8 % in 2001. In contrast to the regional trend, FDI has
also risen in Syria, Morocco, Mauritania, and Lebanon (see Figure 19).
Good governance
The “Road Map Towards the Implementation of the United Nations Millennium
Declaration” (UN 2001) points out explicitly that Target 12 also
implies a commitment to good governance both, at the national and at the
Figure 19: Trends in the implementation of MDG8 / Target 12
(Openness of the financial systems)
Source: By the author, based on data provided by UNDP (2004a)
The abbreviations are explained under Figure 18.
German Development Institute 93