Harnessing FDI for Sustainable Development: UNCTAD’s IPFSD

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Harnessing FDI for Sustainable Development: UNCTADs IPFSD Investment Policy Framework for Sustainable Development. Ariel Ivanier Policy Research Section Investment Policies Branch Division on Investment and Enterprise UNCTAD. UNCTADs IPFSD: Why Now? Context. - PowerPoint PPT Presentation

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<p>Slide 1</p> <p>Harnessing FDI for Sustainable Development:</p> <p>UNCTADs IPFSDInvestment Policy Framework for Sustainable Development</p> <p>Ariel IvanierPolicy Research SectionInvestment Policies Branch Division on Investment and EnterpriseUNCTADUNCTADs IPFSD: Why Now? ContextEvolving global investment landscape for a new investment-development paradigm/path</p> <p>Imperative for mainstreaming sustainable development into the investment policy core</p> <p>Investment policy making at a crossroads: at times of reflection, review and revision </p> <p>Challenges of systemic flaws, issues of policy coherence, synergy and effectivenessNeed guidelines and tools2011 FDI Inflows: Up across all major economic groupings FDI inflows by group of economies, 19902011(Billions of dollars)51%</p> <p>3First Six Months of 2012 Latin America tops growth rate and amount of FDI inflows </p> <p>By group of economies, 2011 (H1) 2012 (H2) (Percent and billions of US dollars)National Investment Policies: Continuous Dichotomy</p> <p>National investment policy changes, 2000 2011(Per cent of measures)5International Investment Policies:Shifting from the bilateral to the regional levelTrends of BITs and other IIAs, 1980 2012(Number of treaties)</p> <p>6ISDS Mechanism: Investors continue using it some States express discontent</p> <p>Known investor-State treaty-based disputes, 1987-2012</p> <p>UNCTADs IPFSD: Why Now? ContextEvolving global investment landscape for a new investment-development paradigm/path</p> <p>Imperative for mainstreaming sustainable development into the investment policy core</p> <p>Investment policy making at a crossroads: at times of reflection, review and revision </p> <p>Challenges of systemic flaws, issues of policy coherence, synergy and effectivenessNeed guidelines and toolsIPFSDHolisticPlacing sustainable development at the coreSystemicAddressing all dimensions of investment policySynergisticFostering interaction with relevant national and international policiesIPFSD: Key Characteristics</p> <p>IPFSD helps policymakers address todays investment policy challengesIPFSD: Structure &amp; Components</p> <p> overarching objective of investment policymaking Investment for sustainable development1 involving all stakeholders standards of public governance predictable, efficient and transparent procedures for investorsPublic governance and institutions3adequate protection to established investors non-discriminatoryInvestment protection and treatment8 aligned with sustainable development goals minimize risk of harmful competition for investment Investment promotion and facilitation 9 address shared investment-for-development challenges avoid investment protectionismInternational cooperation 11 grounded in a countrys overall development strategy coherent and synergetic Policy coherence2 regular reviews for effectiveness and relevance Dynamic policymaking 4 setting out rights and obligations of States and investors in the interest of developmentBalanced rights and obligations5 in the interest of the public good and to minimize potential negative effectsRight to regulate6 in line with development strategy open, stable and predictable entry conditions Openness to investment7promote adoption of and compliance with best international practices of CSR Corporate governance and responsibility 10IPFSD: Core Principles for Investment PolicymakingNational Investment Policymaking: the Challenges</p> <p>1 Connect to other areas and ensure development outcomes: e.g. enterprise development, techonology, industrial policy, trade and job creation</p> <p>2 Look at qualitative aspects: Promote CSR standards and green investments</p> <p>3. Measuring sustainable development impact of policies and responding to changes in the policy environment</p> <p>Section on strategic investment priorities and investment policy coherence for productive capacity building, including sub-sections on investment and: Human resource development, Infrastructure (including section on PPPs), Technology, Enterprise developmentAttention to investment policy options for the protection of sensitive industries Sections on other policy areas geared towards overall sustainable development objectives to ensure coherence with investment policyIntegrating investment policy in development strategy1National Investment Policymaking: IPFSDs FeaturesNational Investment Policymaking: IPFSDs FeaturesSpecific guidelines for the design of investment-specific policies and regulations, including not only establishment and operations, treatment and protection of investments, and investment promotion and facilitation, but also investor responsibilities Guidance on the encouragement of responsible investment and on guaranteeing compliance with international core standardsGuidance on investment promotion and use of incentives in the interest of inclusive and sustainable developmentSpecific guidelines aimed at minimizing potential negative effects of investment, such as tax avoidance, anti-competitive behaviour, core labour standards, environmental impactA sub-section on access to land, incorporating the Principles for Responsible Agricultural Investment (PRAI)Incorporating sustainable development objectives in investment policy2Section on investment policy effectiveness, including guidance on public governance and institutional capacity-buildingGuidance on the measurement of policy effectiveness, with reference to quantitative investment impact indicators and UNCTAD tools (FDI Attraction and Contribution Indices)Ensuring investment policy relevance and effectiveness3National Investment Policymaking: IPFSDs Features</p> <p>National Investment Policymaking in the IPFSD: How It WorksUNCTAD websites:www.unctad.org/diae www.unctad.org/wirwww.unctad.org/fdistatisticsThe Investment Policy Hub:http://investmentpolicyhub.org</p> <p>@unctadwifTHANK YOU!Chart11231341041481411631121761301892222131902322012532512794003195813787474591111058012267081741789919611110719712131516710149217613168114810183913210198118210217313316232297232442893125628115265879222759741428476819293492213047581231173314316420103194</p> <p>BITsOther IIAsAll IIAs cumulativeAnnual number of IIAsCumulative number of IIAs</p> <p>Sheet1198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012BITs12101411132219202540587411112217419619716717614813218213397898179746892583320Other IIAs34120201101710617111210131010101623311522141921121410All IIAs cumulative134148163176189213232253279319378459580708899110713151492168118391981217323222442256226582759284729343047311731643194</p> <p>Sheet1</p> <p>&amp;APage &amp;PBITsOther IIAsAll IIAs cumulativeAnnual number of IIAsCumulative number of IIAs</p> <p>Chart211987119881988119891989119901990119911991119921992111993211411615126119622765387651124671512942914137242118225172241913256301229821153342219375181440734154563923518</p> <p>ICSIDNon-ICSIDAll cases cumulativeAnnual number of casesCumulative number of cases</p> <p>Sheet3AllICSIDNon-ICSIDAll cases cumulative198711119881198911990119911199211993112199421141995211619966151219977611919988622719991165382000137651200116124672002271512942003432914137200445242118220054225172242006321913256200742301229820083621153342009412219375201032181440720114934154562012623923518Total</p> <p>Sheet31</p> <p>&amp;APage &amp;PICSIDNon-ICSIDAll cases cumulativeAnnual number of casesCumulative number of cases</p>