Investment Policy Reviews

https://unctad.org/en/PublicationsLibrary/diaepcb2013d1_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.

Djibouti

Located on the coastline of the Horn of Africa, Djibouti is strategically positioned between Africa, Asia and Europe. Djibouti is also one of the African countries with a longstanding interest in attracting FDI. However, the country faces enormous development challenges, including high levels of poverty and unemployment rates, a low skills base and significant infrastructure constraints.

The IPR of Djibouti identifies a number of weaknesses in the policy, legal, regulatory and institutional frameworks for investment in Djibouti. Taking into account Djibouti's development objectives and

the Government's will to improve the investment environment, the IPR proposes remedial actions and puts forward a multidimensional strategy to attract FDI.

The strategy is based on the guidelines laid out in UNCTAD's Investment Policy Framework for Sustainable Development (IPFSD). As a first step, the IPR recommends that the Government clarifies its vision on the role investment, and FDI in particular, can play in contributing to Djibouti's development plan.

The strategy proposes an overhaul of the existing investment code to better align

it with best practices. The new code should provide clear conditions of entry, establishment and treatment of foreign investors, as well as better guarantees of protection. With regard to the overall business environment, the IPR proposes concrete measures for simplifying the establishment of a business and for making the taxation regime friendlier to small- and medium-sized enterprises.

Other reports: Investment Policy Review-Djibouti (Summary)

Full report is 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.