Investment Facilitation for Development
Propose and oversee tools, policies, and processes to smoothen the establishment and operation of an investment in order to support the mobilization and channeling of resources with the aim of achieving sustainable development at the regional and national levels
Type
Domain
Competency Area
Trade and Investment Facilitation
Levels
Comprehends the development dimension of investment policy practice
Recognises the positive links between sustainable development and investment (such as livelihood, skill development, technology transfer, small business linkages etc.)
Lists the system of after care services and investment promotion measures in the framework of sustainable development (such as SOP on affirming investor's decision, SOP on positioning country's investment potential for business and SDGs)
Summarises the dominant development frameworks related to sustainable development and investment policy (such as UNCTAD's Investment Policy Framework for Sustainable Development, ILO's Tripartite Declaration on multinational enterprises and Social Policy, OECD's Policy Framework for Investment)
Identifies dimensions of development agenda and investment facilitation measures
Identifies critical dimensions of regional/national development agenda (such as environmental protection, industrial upgrading, skills training, human rights etc.) in addition to investor-oriented procedures
Provides support and technical assistance to facilitate investment in sectors related to the SDGs through measures such as one-stop shops
Identifies opportunities and challenges related to FDI and 2030 Agenda for Sustainable Development
Documents best practices, norms on mainstreaming of sustainable development in investment approaches (such as investor-focused norm on responsible business conduct and respectful human rights, business registration systems )
Coordinates consultation with public and private sector stakeholders
Conducts constructive multi-stakeholder dialogue between strategic line ministries/departments, investors and local stakeholders (workers, local businesses, communities getting affected due to investor operations) to converge on development priorities at regional/local level
Establishes monitoring and review mechanisms to assess investment facilitation performance (such as information flow, simplification of administrative procedures etc. )
Organises workshops (such as Business Process Analysis) to collate proposed changes in investment regulations and procedures to improve its efficiency and effectiveness
Prioritises information sharing and international cooperation
Advances international cooperation for investment promotion for development through advocacy for relevant changes in the provisions of international investment agreements
Influences partnerships and inter-agency coordination for bridging transnational governance gaps (such as law regulating corporate conduct, tax evasion)
Promotes information-sharing platforms on challenges and best practices tools, policies and processes to enhance development benefits