The Policy Framework for Investment (PFI) is the most comprehensive and systematic approach for improving investment conditions ever developed. It helps governments and regions to design and implement policy reforms to create an attractive, robust and competitive environment for domestic and foreign investment.
Since the PFI was agreed in 2006, new forces have reshaped the global investment landscape, including the global economic and financial crisis, which started in 2008 and from which many economies have still not recovered, the emergence of new major outward investors within the G20, the spread of global value chains, and signs that pressures for investment protectionism are on the rise. Numerous lessons have also been learnt through the use of the PFI, particularly in developing and emerging economies.
The PFI has been updated to reflect these new global economic fundamentals and was released in Paris on 3 June 2015 at the OECD Ministerial Council Meeting.
The update took place with the active participation of emerging and developing countries through an inclusive process led by an international task force co-chaired by an OECD and non-OECD country:
A series of online public consultations was held to gather comments from interested stakeholders on the draft updated PFI:
Find out more about the update process in the PFI update concept note.
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Documents and links
THE PFI IN ACTION
More than 25 countries have used the PFI when engaging in investment policy reviews. Their experiences have helped to shape the update and strengthen the PFI as a framework. Here are two examples about how countries are using the PFI: