Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Burkina Faso - Introduces local content provisions in the mineral sector
Burkina Faso
Introduces local content provisions in the mineral sector
31 Jul 2024On 31 July 2024, Burkina Faso adopted Act No 017-2024/ALT, relating to local content in the mineral sector.
The new Act defines local content as “the set of mechanisms for the development of national capacities in the provision of goods and services, the use of local human resources, the transfer of technology, the subcontracting of enterprises and the promotion of domestic investors throughout the value chain of the extractive industry “.It applies to all activities carried out in the territory of Burkina Faso, directly or indirectly related to exploration, research, development, exploitation and the closure of mines and quarries. It also covers the transport of mining substances, as well as the processing, recovery and marketing of products from the mining sector.
The new Act is binding on mining companies, their subcontractors, co-contractors, as well as suppliers of goods and services operating for a mining or quarrying company in the national territory. The main objective is to promote human capital in Burkina Faso. The law introduces progressive quotas for local employment, depending on the different levels of responsibility within companies. A notable feature of this legislation is the creation of a fund to support the development of local content. The purpose of the fund is to finance the activities relating to the implementation of local content. It will be fuelled inter alia by fines and penalties, donations and bequests, as well as by a contribution from local desks and suppliers of goods and services to mines. Tis contribution will be levied on contracts for benefits and sales, both locally and on exports, according to a progressive scale of in groups.
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Type:
- Treatment and operation (Operational conditions)
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Industry:
- Primary (Mining and quarrying)
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Sources:
- Government portal, The new mining code and the law on local content adopted by the Transitional Legislative Assembly, https://fasoinfos.com/le-nouveau-code-minier-et-la-loi-portant-contenu-local-adoptes-par-l-assemblee-legislative-de-transition/, 20 Jul 2024
- Lexbase Africa, Burkina Faso: Adoption of a law on local content in the mining sector, https://www.lexbase-afrique.com/revue-juridique-afrique-ohada, 26 Sep 2024
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.