Attracting sustainable development-oriented investment has entered the mainstream of investment policymaking. While some member nations of the Islamic Development Bank (IsDB) have undertaken investment policy reforms to facilitate, promote and protect such investments, others are yet to do so. For countries to integrate investment policies in sustainable development strategies, a coherent policy framework is needed that considers the different development levels of individual IsDB members.
Recently, UNCTAD, the IsDB and the Islamic Corporation for the Insurance of Investment and Export Credit have joined forces to develop a set of 11 Guiding Principles to help IsDB members on their reform path. The principles recognize the need to promote and facilitate investment not only for economic growth as such, but for growth that benefits all, including the poorest.
This event explores how the principles can help guide policymaking and leverage investment as a driving force for inclusive growth and sustainable development. Participants will discuss the status of IIA reform in IsDB members, the need to enhance coherence in national and international investment policymaking, and further options to strengthen the momentum of the reform process.
Session themes:
- What is the role of soft policies, notably the Guiding Principles, in fostering regional cooperation to harness investment policymaking for sustainable development?
- How useful are the Guiding Principles for IsDB members reforming their IIA networks?
- What is the current status of IIA reform in IsDB member countries?
Speaker(s)
Moderator(s)
