Investment Policy Reviews

http://unctad.org/en/Docs/diaepcb20094_fr.pdf

About
The Investment Policy Review (IPR) programme provides developing countries and countries with economies in transition concrete recommendations to improve policies, strategies and institutions for attracting foreign direct investment (FDI) and deriving greater benefits for sustainable development.
The IPR process is country-specific and involves:
1. the review of the policy, regulatory and institutional environment for investment;
2. the identification of strategic investment priorities consistent with the Sustainable Development Goals (SDGs) and in line with the national development objectives; and
3. a set of concrete recommendations.
Follow-up support to foster the integration of the IPR recommendations into the country’s reform agenda and their implementation is provided as part of the review process.
UNCTAD has undertaken IPRs in more than 50 countries since 1999 and the implementation of IPR recommendations has had significant impact in their business climate. As shown by the World Bank’s Doing Business Indicators, out of the top 10 reformers among developing countries, half were IPR countries each year between 2013 and 2015.The FDI performance by country also suggests a positive impact. Out of 32 countries for which the IPR was published more than three years ago, 29 have experienced an increase in FDI inflows in the following years. And for 19 of them, such increases have been dramatic, with FDI inflows having more than doubled.

For further information please contact Chantal Dupasquier, Chief, Investment Policy Review Section at: Chantal.Dupasquier@unctad.org.
Methodology

Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.

Burkina Faso

Burkina Faso remained on the fringe of global FDI flows until the middle of the 1990s. Structural reforms and the opening of the economy, however, have recently generated increasing FDI flows. These investments have generated mostly positive impacts, creating employment, value-added, tax revenue and exports.

In spite of the achievements over the past decade, Burkina Faso remains among the poorest countries in the world and the country faces major challenges in terms of development and poverty reduction. The Government is determined to tackle these challenges and to continue the reforms initiated in the 1990s.

It is also determined to better exploit the country´s FDI potential and to maximize the impact of FDI flows on development. The IPR proposes a number of reform axes in view of improving the investment framework:

Putting in place an efficient and attractive fiscal and customs regime.
Accelerating the integration process within the WAMEU.
Elaborating a competition policy to serve development objectives.
Improving governance and simplifying administrative procedures.

The IPR also proposes an institutional setup to promote FDI. It is articulated around the future Investment Promotion Agency and President Council for Investment, whose creation has been decided by the Government. Detailed and concrete proposals are offered for the functioning of these institutions.

Other reports: Investment Guide to Burkina Faso

Full reports are only available in French

Download Investment Policy Review

About
The Investment Policy Review (IPR) programme provides developing countries and countries with economies in transition concrete recommendations to improve policies, strategies and institutions for attracting foreign direct investment (FDI) and deriving greater benefits for sustainable development.
The IPR process is country-specific and involves:
1. the review of the policy, regulatory and institutional environment for investment;
2. the identification of strategic investment priorities consistent with the Sustainable Development Goals (SDGs) and in line with the national development objectives; and
3. a set of concrete recommendations.
Follow-up support to foster the integration of the IPR recommendations into the country’s reform agenda and their implementation is provided as part of the review process.
UNCTAD has undertaken IPRs in more than 50 countries since 1999 and the implementation of IPR recommendations has had significant impact in their business climate. As shown by the World Bank’s Doing Business Indicators, out of the top 10 reformers among developing countries, half were IPR countries each year between 2013 and 2015.The FDI performance by country also suggests a positive impact. Out of 32 countries for which the IPR was published more than three years ago, 29 have experienced an increase in FDI inflows in the following years. And for 19 of them, such increases have been dramatic, with FDI inflows having more than doubled.

For further information please contact Chantal Dupasquier, Chief, Investment Policy Review Section at: Chantal.Dupasquier@unctad.org.
Methodology

Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.