Email Alert Service Broadens Reach
Email Alert Service Broadens Reach: FDI Xchange now available to two major business organizations
WASHINGTON, DC, June 18, 2003—The US Council for International Business (www.uscib.org) and the World Trade Centers Association (www.wtca.org) recently signed on as partners for FDI Xchange, the premier emerging markets investment information service of the Multilateral Investment Guarantee Agency (MIGA).
The FDI Xchange service—which recently began its second year of operation—provides investors with free, customized emails that include timely market analysis and information on investment opportunities. In its first year, the service disseminated more than 70,000 alerts, all tailored to subscribers’ sectors and developing countries of interest.
The new partnerships call for the two agencies—USCIB and WTCA—to promote FDI Xchange among their members. MIGA, in turn, will deliver co-branded versions of the service to their clients and constituents.
“To help broaden the dissemination of this critical information, we have established cooperation agreements with public and private sector groups whose constituents are interested in receiving new business environment analysis, market research, and investment opportunities in emerging markets,” says John Wille, manager of MIGA’s online information services. “The better investors are informed of business opportunities in developing countries, the more likely they are to actually set up shop there. And the closer we come to achieving our mission—promoting foreign direct investment into the world’s poorest countries to help reduce poverty.”
A growing global network of 69 investment-related organizations provides much of the information disseminated via the FDI Xchange. This content also appears in the Investment Promotion Network (www.ipanet.net)—MIGA's flagship online service launched in 1995—and MIGA's other online services, which currently receive about 50,000 visitors a month.
To date, over 4,000 businesspeople have registered to receive customized email updates from the FDI Xchange. This number is expected to grow rapidly with the addition of the two new partners.
“MIGA’s online investment information complements our other
offerings,” says Robert Di Chiara, executive vice president of the WTCA, which represents almost 300 World Trade Centers in 92 countries. “We believe this service will benefit our 40,000 plus online users by giving them access to new investment information, opportunities, and resources.“
Thomas Niles, president of USCIB, a pro-trade group representing 300 some major US companies, law firms, and industry associations, adds: "Overseas investment is a driving force in the expansion of American commerce, but companies need access to quality information to maker the right investment decisions. With this in mind, we’re pleased to be able to make FDI Xchange available to our members and our global business network.”
For information
Angela Gentile,
agentile@worldbank.org, t. 202-473-3509
REVISED 6/19/03