Corporate governance

Updating the Policy Framework for Investment (PFI)

 

Online public consultation‌ now open

31 October 2014 - The OECD is inviting public comment on the revised chapters of the PFI via an online public consultation which will run until 15 December 2014. 


Improving investment frameworks in Southeast Asia

‌This AANZFTA factsheet explains how OECD investment policy reviews contribute to the ASEAN Economic Community.

 

‌About the ‌PFI update

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. To reflect new global economic fundamentals, an update of the PFI was launched in 2013 and is due for completion in 2015.

 

The process

The update is taking 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:

  • FINLAND - HE Okko-Pekka Salmimies, Ambassador to the OECD and UNESCO
  • MYANMAR - Mr Aung Naing Oo, Director General, Directorate for Investments and Company Administration, Ministry of National Planning and Economic Development

More information is available in the PFI update concept note.

 

 

THE PFI IN ACTION

More than 25 countries have used the PFI when engaging in investment policy reviews. Their experiences will help to shape the update and strengthen the PFI as a framework. Read about how these countries are using the PFI:

Myanmar‌  Myanmar

Mauritius_small  Mauritius


TIMELINE FOR THE UPDATE

Mar 2014

1st Task Force meeting: agenda | presentations, Southeast Asia Regional Forum, Bali

Jun 2014

Session on responsible business conduct and the PFI update | list of participants at the Global Forum on Responsible Business Conduct

Jul 2014

2nd Task Force meeting: summary report | list of participants | presentations, Pretoria

Oct-Dec 2014

Circulate the revised draft text for feedback from relevant OECD committees and online public comment.

Oct 2014

MENA Caucus of the PFI update Task Force, Paris

Nov 2014

‌Consultation on the update of the PFI during the Asia-Pacific Business Forum, Colombo

Dec 2014

Public consultation meeting on the draft chapters of the updated PFI

Spring 2015

3rd Task Force meeting 

May 2015

Present the updated text at the OECD Ministerial Council Meeting.

 

 

DOCUMENTS AND LINKS

Concept note for updating the PFI

 

Text and background for the PFI

 

OECD Investment Policy Reviews

 

OECD Guidelines for Multinational Enterprises

 

 

 

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe