Investment and Technology Transfer under COVID-19

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The COVID-19 pandemic has affected countries globally and slowed down development activities to a great extent. The pandemic has also highlighted the need to further accelerate inclusive and sustainable industrial development in UNIDO’s recipient countries. Despite the pandemic, the Government of Japan, in cooperation with UNIDO, continues to assist partner countries, in particular in mobilizing investment and technologies from Japan’s private sector.

Joining forces for industrial skills development

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Around the world, progress in technology and global value chains is leading to an increasingly sophisticated industrial landscape, providing opportunities for economic growth and employment. While many low-income countries are currently transitioning from agriculture to manufacturing-based industries, the lack of skilled workforce remains a major challenge to achieving this objective.

Furthermore, as technology brings a convergence of automation and work, skills gaps are changing rapidly. The onset of the COVID-19 pandemic has presented an added complexity to this challenge.