Investment Promotion Agencies training event on effective investment facilitation geared towards sustainable development
Over 20 representatives from 13 different investment promotion agencies in South America, Europe, Africa and Asia gathered recently in Turin for a three-day training course organized by the World Association of Investment Promotion Agencies (WAIPA) in partnership with the ILO and the Centre to learn and exchange ideas on the latest developments and trends in Investment Facilitation geared towards Sustainable Development.
The 2030 Agenda for Sustainable Development recognizes foreign direct investments as a strong vehicle to achieving the 17 sustainable development goals. This is underscored by the Addis Ababa Action Agenda, which highlights the importance of aligning foreign direct investment with national and regional sustainable development strategies.
Course topics included the dynamic relationship between investment and development, in particular the role of Investment Promotion Agencies (IPAs), and case studies and best practices from the UK, Turkey and Slovenia. UKTI (UK Trade & Investment) shared its experience with investment metrics, and presented the ecosystem in which IPAs could become a knowledge hub and coordinating mechanism to ensure FDI achieves the highest possible impact. In this regard, the ILO presented the concept of multi-stakeholder dialogue based on the principles set out in the ILO Declaration on Multinational Enterprises and Social Policy. IPAs should play the function of a “network hub” engaging strongly with other actors such as civil society, line ministries, employers’ organizations, workers, and other stakeholders, as also emphasized by Mr Bostjan Skalar, CEO of WAIPA in his concluding remarks.
The training was evaluated as extremely positive by all participants and the huge added value of interacting with colleagues from different regions, the sharing of information and best practices, as well as adding a qualitative dimension to investment facilitation, were at the top of their list.
A second edition of this training is scheduled for March 2017 at the International Training Centre of the ILO in Turin.
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