1. The Investment Policy Review Programme
Chantal Dupasquier
Chief, Investment Policy Reviews
Division on Investment and Enterprise
31 May 2013

2. Overview Highlights of the IPR Programme
The five phases of the IPR process
Achievements and Impact
Lessons
Challenges and way forward

3. 1. Highlight of the IPR Programme
Driver of policy reform to stimulate investment attraction and increase benefits of FDI
Flexible and responsive to country requirements, customized strategies and policy recommendations
Concerted effort with other development partners to create synergies

4. 2. The five phases of the IPR process
Assessment
and further
actions
Phase 1:
Government
official
request
Phase 4:
Implementation
and technical
assistance
Phase 3:
Intergovernmental
peer review
and ownership
Phase 2:
IPR evaluation
and advisory
report

5. 3. Achievements 35 IPRs completed worldwide, new ones in progress
Wide range of countries covered, including LDCs and post-conflict countries
Many countries benefited from follow-up technical assistance
Stocktaking study published in 2012
Review the experience with IPRs since 1999
Wide range of topics and issues covered across the various reports
Solid evidence of impact
Key lessons learned

6. 4. Impact Assessment of impact at three levels:
Country’s commitment and endorsement of recommendations
High-level government officials take active part in the process
Effect on investment inflows
Significant increases observed
Improvement of the investment framework
Several IPR countries moved up the Doing Business indicators (World Bank)

7. 5. 10 key lessons
Good investment framework, precondition for FDI attraction and private sector development
Effective institutions and implementation of laws matter greatly
FDI policies evolve
FDI, significant role for development but not a panacea
Local private sector, critical to improving the benefits of FDI
Major significance of regionalization initiatives
Infrastructure is a very important factor
Human resources: long-term commitment and policy innovation
IPAs are key institutions for FDI attraction and facilitation
Core principles should guide fiscal regimes

8. 7. The way forward
UNCTAD will continue its work with member States to analyze their investment policy frameworks and propose concrete recommendations to improve them through the IPR programme
The work is anchored on the UNCTAD’s Investment Policy Framework for Sustainable Development (IPFSD)
Long-term support required for IPR countries to ensure implementation of recommendations and maximize the benefits for sustainable development

9. Thank you for listening to this presentation!