Investment Policy Reviews

https://unctad.org/en/PublicationsLibrary/diaepcb2018d2_en.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.

Cabo Verde

Investment Policy Review of Cabo Verde

Cabo Verde's solid foreign direct investment (FDI) attraction performance was instrumental in the country's graduation to middle-income economy. However, FDI and economic activity remain concentrated in a few sectors and limited to a few locations.

The IPR of Cabo Verde was initiated at the request of the Government. It analyses the legal and regulatory framework for investment, and contains a strategic analysis on how to better utilize FDI in the tourism sector as a leverage for sustainable development.

The IPR is based on two fact-finding missions undertaken in July and December 2017 and information current at that time, as well as additional information made available to UNCTAD until May 2018.

The mission received the full cooperation of the relevant ministries, departments and agencies, in particular Cabo Verde tradeInvest.

The mission also benefited from the views of the private sector, both foreign and and domestic, as well as bilateral donors and development agencies. The Government and the United Nations Development Programme (UNDP) in Cabo Verde provided substantive contributions as well as logistical support to the IPR process.

A preliminary version of this report was discussed at national validation workshops in Praia on 23 April, Santa Maria on 24 April and Mindelp on 25 April 2018.

The final report reflects comments from stakeholders, including ministries and agencies of the Government of Cabo Verde.

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.