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Reviewing Investment Policies in LDCs: Key features

This document reviews the investment policies in Least Developed Countries (LDCs), highlighting challenges such as poverty, lack of diversification, vulnerability to shocks, and high external debt burden. It emphasizes the importance of Foreign Direct Investment (FDI) and Intellectual Property Rights (IPRs) in enhancing national development goals. The review process, key elements of an IPR, and strategies to maximize benefits from FDI are discussed, emphasizing political will and stakeholder involvement. The expected outcome is a shift towards FDI as a sustainable financing source for LDCs.

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Reviewing Investment Policies in LDCs: Key features

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  1. Reviewing Investment Policies in LDCs:Key features Chantal Dupasquier DITE, UNCTAD 25 September 2007

  2. Background • LDCs face significant development challenges and have not made sufficient progress in meeting the MDGs • High level of poverty • Lack of diversification • Vulnerability to shocks • High external debt burden • Addressing these challenges require significant financial resources – aid, domestic savings, FDI • IPRs can help member States increase access to investment, FDI in particular

  3. IPRs – Global Vision and Strategy • Vision • Enhancing the contribution of FDI to achieving national development goals, including the MDGs • Strategy • Assessing the investment environment and policies • Advising governments and supporting their policies on FDI • Supporting institutional strengthening and training

  4. IPRs completed so far • 20 reviews (8 LDCs) • Algeria, Benin, Botswana, Colombia, Ecuador, Egypt, Ethiopia, Ghana, Kenya, Lesotho, Mauritius, Morocco, Nepal, Peru, Rwanda, Sri Lanka, Tanzania, Uganda, Uzbekistan and Zambia • IPRs in progress • Dominican Republic, Mauritania, Nigeria and Vietnam

  5. Key elements of an IPR • Taking stock of FDI recent trends and economic impact • Evaluating the regulatory, operational and institutional framework for investment • FDI entry, treatment, protection • Taxation • Business environment • Sectoral regulation • Regional environment • Strategic sectoral and institutional recommendations

  6. IPR Process • Voluntary process initiated by member States • Review undertaken by UNCTAD with support of national and international experts • Desk research, fact finding mission, survey of investors, etc. • Peer review • Comments from international experts • National workshop • National policy statement at ministerial level • Presentation to intergovernmental bodies of UNCTAD • Follow-up activities

  7. How can member States maximize the benefits of an IPR? • Strong political will to improve the investment environment • Involvement of all relevant national stakeholders in the review process • Commitment at the highest level of government to implement the outcome of the review

  8. Expected outcome • FDI to become a key source of financing development in LDCs • At the moment, LDCs depend heavily on aid flows. While this is useful in the short run, it is not a sustainable long-term solution to their financing needs

  9. THANK YOUhttp://www.unctad.org/ipr

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