LEADER 03107cam a22004095i 4500001 99131234428006421 005 20210720182010.0 006 m d 007 cr cn||||||||| 008 020129s2021 dcu o i00 0 eng^^ 024 7 10.1596/35803 |2doi 035 (CKB)4920000001214899 035 (The World Bank)35803 035 (US-djbf)35803 035 (EXLCZ)994920000001214899 040 DJBF |beng |cDJBF |erda 100 1 Saurav, Abhishek. 245 14 The Impact of COVID 19 on Foreign Investors : |bEvidence from the Quarterly Global Multinational Enterprise Pulse Survey for the First Quarter of 2021 / |cAbhishek Saurav. 246 Impact of COVID 19 on Foreign Investors 264 1 Washington, D.C. : |bThe World Bank, |c2021. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Investment Climate Assessment. 520 3 As the Coronavirus (COVID-19) pandemic enters its second year, foreign investors can see light at the end of the tunnel as economic conditions improve. Results from the latest round (Q1 2021) of World Bank Group's quarterly pulse surveys of Multinational Enterprise (MNE) affiliates suggests that most firms are still operating below full capacity. The pandemic's adverse effects on MNEs in developing countries continued to ease in the first quarter of 2021 (Q1 2021). Impacts remained widespread with 93 percent experiencing at least one adverse impact, but fewer firms report negative demand, output, revenue, and profit impacts (relative to Q1 2020) than in prior survey rounds. The average magnitude of these impacts was also more limited and continued to ease from Q4 2020. The longer-term outlook for foreign investment in developing countries remains subdued. Overall, 92 percent of firms report that their foreign parent had no plans to change (increase or decrease) the company's level of investment over the next 1-3 years. Uncertainty about future demand is the key factor holding investment back, but policy and regulatory restrictions are also a factor for almost half of firms. Survey results confirmed that almost all MNE affiliates have increased their adoption of digital technologies for remote working, e-commerce, and supply chain management in response to the pandemic. Half of MNE affiliates also report increasing their focus on sustainability and decarbonization of products and services, with foreign parent companies again playing a critical role. While these survey results may not be generalizable to all developing countries, they are directionally indicative of MNEs' experiences in developing countries. 650 4 Business Cycles and Stabilization Policies 650 4 Coronavirus 650 4 COVID-19 650 4 Economic Recovery 650 4 Foreign Direct Investment 650 4 Macroeconomics and Economic Growth 650 4 Private Sector Development 650 4 Private Sector Economics 700 1 Kuo, Ryan. 700 1 Kusek, Peter. 700 1 Viney, Brody. 830 0 Investment Climate Assessment. 830 0 World Bank e-Library. 906 BOOK